BY JENNY STRASBURG, MICHAEL ROTHFELD AND SUSAN PULLIAM
Federal authorities on Wednesday announced charges against seven people in an expanding insider-trading investigation that directly involves some of Wall Street's most prominent money managers.
Four people were arrested in New York, Boston and California early Wednesday and charges against three others were unsealed.
Wednesday's announcement reflects a broadening of the government's long-running investigation of employees of public companies sharing confidential information with hedge-fund analysts and traders. The government has monitored hundreds of conversations on wiretaps, and has sought cooperation from a wide range of public-company employees and money managers as the probe has widened.
The Federal Bureau of Investigation ...
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