BOSTON/NEW YORK , Dec 21 (Reuters) – Hedge fund firm Level
Global Investors LP, which has been embroiled in the U.S.
government’s insider trading probe, will give investors more
time to ask for their money back, a person familiar with the
fund said.

Less than one month after the New York-based firm was
raided by federal agents, it extended its deadline for
redemption notices in order to give investors who might want to
exit more time to make a decision.

NEW YORK/BOSTON (Reuters) – Some U.S. money managers may find their New Year’s Day hangover lasting well into 2011 as federal investigators step up arrests in a widening Wall Street insider trading probe.

Legal experts say Thursday’s arrest of three technology company executives on charges that they leaked confidential information to various investment funds is the start of what likely will be a series of arrests by federal prosecutors over the next few months.

NEW YORK/BOSTON (Reuters) – Some U.S. money managers may find their New Year’s Day hangover lasting well into 2011 as federal investigators step up arrests in a widening Wall Street insider trading probe.

Legal experts say Thursday’s arrest of three technology company executives on charges that they leaked confidential information to various investment funds is the start of what likely will be a series of arrests by federal prosecutors over the next few months.

NEW YORK/WASHINGTON (Reuters) – Regulators have opened a new line of inquiry in their mortgage foreclosure probe and are asking big Wall Street banks about the beginning stages of mortgage securitization, two sources familiar with the probe said.

The Securities and Exchange Commission launched the new phase of its investigation by sending out a fresh round of subpoenas last week to big banks like Bank of America Corp, Citigroup Inc, JPMorgan Chase & Co, Goldman Sachs Group Inc and Wells Fargo & Co, the sources said.

NEW YORK, Dec 16 (Reuters) – Four people were arrested on
charges of leaking secrets about technology companies to hedge
funds, including details about Apple Inc’s (AAPL.O: Quote, Profile, Research, Stock Buzz) iPad ahead
of its launch, in a widening U.S. probe into insider trading.

Authorities said another person, a former employee of Dell
Inc (DELL.O: Quote, Profile, Research, Stock Buzz), had pleaded guilty on Dec. 10 to charges he had
provided inside information about the company from late 2007 to
August 2010 to research firms and hedge fund managers.

NEW YORK (Reuters) – Three technology executives and a salesman for an “expert network” firm were arrested and charged with leaking confidential information about companies including Apple Inc and Advanced Micro Devices Inc in a widening probe of insider trading at hedge funds.

The defendants are accused of illegally passing on tips to at least two unnamed hedge funds.

NEW YORK/BOSTON (Reuters) – Think of hedge fund hubs in the United States, and the names that tend to come to mind are New York and Greenwich, Connecticut. Yet when it comes to a major U.S. insider trading investigation, Boston is taking center stage.

A number of the traders and analysts drawing scrutiny in the more than two-year-old probe into improper trading in mainly technology stocks either work in Boston, or have long-standing ties to New England’s largest city.

NEW YORK, Dec 7 (Reuters) – Federal authorities have
expanded an investigation into insider trading on Wall Street,
bringing to more than one dozen the number of subpoenas sent to
hedge funds and other investment firms over the past two weeks,
people familiar with the inquiry said.

Last week, federal prosecutors in Manhattan sent more
subpoenas to several large hedge funds, said the sources, who
asked not to be named because the investigation is not
public.

NEW YORK (Reuters) – John Kinnucan, the owner of an independent Portland, Oregon-based research firm that has been implicated in a major insider trading investigation, said he had received a subpoena on Friday morning to provide federal prosecutors with documents dating back to January 2008.

Kinnucan, in a telephone interview with Reuters, said the subpoena was personally served on him at his home by an FBI agent. The agent appeared at Kinnucan’s home as his children were getting ready to go to school.

NEW YORK/BOSTON (Reuters) – Money manager Ameriprise Financial would seem to have little in common with closely held investment advisory firms like Friess Associates and Sonar Capital Management or a giant hedge fund like Citadel Group.

Yet a Portland, Oregon-based technology analyst under scrutiny in a U.S. insider trading probe included employees of all three firms in an unusual email he sent in late October, according to information reviewed by Reuters.