SEC Charges Former Lazard, TPG Employees With Insider Trading

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Not a huge one like Galleon, but more indication that there’s a huge culture of leaking deal news.

Bloomberg: Two former employees at Lazard Freres & Co. and buyout firm TPG leaked confidential information about pending corporate acquisitions as part of a “serial insider-trading scheme” that generated almost $500,000, the U.S. Securities and Exchange Commission said in a lawsuit.

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