U.S. Unveils Charges Against Five in Insider-Trading Sweep

The Wall Street Journal reports:

Federal prosecutors unveiled charges against five people related to alleged insider trading on Thursday, in a sweep stemming from a broad three-year investigation that has shaken the financial world.

The charges are the first major development in the continuing probe of insider trading on Wall Street, in which hedge funds and mutual funds have been raided and subpoenaed by federal investigators in recent weeks. More arrests are expected in the months ahead.