Feds to Charge More in Insider Trading

    Hedge-fund manager convicted of insider trading Raj Rajaratnam arrives at court to hear his sentence  in New York, October 13, 2011. Prosecutors are asking U.S. District Judge Richard J. Holwell to send the 54-year-old, one-time billionaire to prison for at least 19 1/2 years for his May conviction on securities fraud charges. AFP PHOTO/Emmanuel Dunand (Photo credit should read EMMANUEL DUNAND/AFP/Getty Images)

    Emmanuel Dunand / AFP-Getty Images

    More fallout from the raids that snared Raj Rajaratnam: federal authorities are planning to bring more charges against employees at hedge funds they raided one year ago. Three people from Diamondback Capital Management and Level Global Investors are expected to be arrested in the coming weeks, according to Reuters. So far, about 50 people have pleaded guilty or been convicted in the probe.

    Read it at Reuters