The Washington Post: SEC Subpoenas Firm, Individuals In A Case Of Leaked Information
The Securities and Exchange Commission has issued subpoenas to a firm and individuals in connection with the leak last month of a federal funding decision that appeared to cause a surge in stock trading of several major health companies. The move deepens the government's scrutiny of the growing "political intelligence" industry, which has been thriving on delivering valuable information from Washington to investors. … The latest case emerged April 1 when Height Securities, a Washington-based stock brokerage firm, alerted its clients that the government would soon make a decision favoring private health insurers who participate in a Medicare program (Hamburger and ElBoghdady, 5/1).
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