Another possibility is that the investigators and prosecutors in Preet Bharara's office still don't have enough evidence to tie Cohen directly to particular instances of insider trading.
Minority shareholders in OGX are suing both the company and Mr. Batista for what may have been misleading statements about OGX's supposed petroleum finds and for possible instances of insider trading.
The indictment, according to the people briefed on the matter, will charge the fund with carrying out a broad conspiracy to commit securities fraud, citing several instances of insider trading.
He said he not only saw instances of insider trading, but was also a willing participant in other illegal conduct like front-running (being tipped off about large orders by other customers, and trading ahead of them) and cherry-picking (directing the most profitable trades away from clients and into Galleon partners' personal accounts).
But today's shooting was the first known instance of an insider attack on journalists, although it was not immediately clear if Niedringhaus and Gannon were targeted as journalists or simply as foreigners.
Mr. Streeter, the prosecutor, zeroed in on just a few instances of alleged insider trading by Mr. Rajaratnam.
In 2002, for instance, he was convicted of insider trading, but a year later it was revealed he had given away $5bn £3.2bnn) to promote democracy around the developing world.
Unless you have some kind of insider info -- for instance, from wiretapping Tommy Franks's phone (in which case you could end up in jail) -- you're guided only by the same information available to all other investors, and so you are unlikely to make a killing in oil.
On the CEO who makes an exorbitant bonus, for instance, or the Congressman who takes advantage of insider trading, or the local official who cuts education funding for the third, fourth or fifth year in a row.
The SEC alleges Levoff has a history of insider trading beyond the three instances over 2015 and 2016.
