Timing of political intelligence is probed
Source: The Washington Post
An April 1 alert to stock traders that predicted the outcome of a key Medicare funding decision has gained intense legal and public scrutiny.
But a series of events in Washington and on Wall Street in the weeks before the alert raise the possibility that information related to the government’s decision already may have been circulating previously, according to a trail of e-mails and transcripts.
A small Washington-based firm called Height Securities alerted its clients on April 1 that the government would soon make a decision favoring private health insurers that participate in a Medicare program. The alert went out just before the trading day ended, sparking a surge in trading in shares of Humana, Aetna and other major health-care firms.
The Obama administration made its decision public after the markets closed that day, and federal investigators along with Sen. Charles E. Grassley (R-Iowa) are now looking into the alleged leak.
Read more: http://www.washingtonpost.com/politics/timing-of-political-intelligence-probed/2013/05/03/9128c776-b429-11e2-bbf2-a6f9e9d79e19_story.html
= new reply since forum marked as read
But won't.
