Friday, April 01, 2011

Wall Street still in gov't crosshairs

The New York Post reports:
Government prosecutors yesterday sent out a warning shot to Wall Street -- more Wall Street executives may be nicked by US Attorney Preet Bharara's aggressive insider-trading probe.

During testimony yesterday in Raj Rajaratnam's insider-trading trial, prosecutor Andrew Michaelson indicated that Morgan Stanley investment banker Kamal Ahmed and others ensnared in the case, but not charged with wrongdoing, may still be in the government's crosshairs.