Prosecutors in the U.S. said they are investigating a global network of insider traders who are manipulating the global financial markets via illegal use of information arbitrage.
According to Bloomberg, sources at the Department of Justice said the network use various tactics and means to get confidential from banks and financial institutions and then profit from the information by making trades that push the global markets.
People with the knowledge of the matter said this crackdown could be the largest blow to a global insider trading network like before.
