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AP Interview: Feds in Conn. target insider trading

January 17, 2012 • Business


FILE – In this July 12, 2010 file photo, David B. Fein is installed as the U.S. Attorney for Connecticut during a ceremony at the Yale Law School in New Haven, Conn. Fein said in a January 2012 interview with the Associated Press that his staff is investigating several cases of insider trading in Connecticut, and expects charges to be filed. (AP Photo/The New Haven Register, Arnold Gold, File)

NEW HAVEN, Conn. (AP) — Federal prosecutors in Connecticut are targeting insider trading and similar financial crimes for the first time as part of a new focus on white-collar criminals, according to the state’s U.S. attorney.

In an interview with The Associated Press, U.S. Attorney David Fein said his staff is investigating several cases of insider trading in Connecticut, a global financial hub that is said to have the largest concentration of hedge funds outside New York and London. He said charges are expected to be filed, but he could not provide further details on the investigations.

“You’ll read more about those,” Fein said.

Cases involving manipulation of markets in southwestern Fairfield County traditionally have been handled by the neighboring U.S. Southern District of New York, but Fein said his district is working to take over that responsibility.

Fein, who once Login to read more

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