Federal employees have issued at least twelve subpoenas since they kicked off their huge insider trading probe a week ago, says CNBC, citing an article in Reuters.
At last count, seven firms confirmed that they had received subpoenas issued by the Feds:
- SAC Capital
- Diamondback Capital
- Level Global
- Loch Capital
- Wellington Management
- Janus Capital Group
So who else is on this mysterious list of twelve firms that have been subpoenaed?
A couple guesses:
- John Kinnucan’s firm might be part of the count – he was subpoenaed last week.
- And we heard a rumour that a firm called “White Mountain” is also ensnared.
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