Hedge funds in spotlight during SEC probe

(FT.Com): At least 15 hedge funds improperly received corporate secrets from company officials, according to securities regulators investigating alleged insider trading on Wall Street, expanding the number of money managers under government scrutiny. The Securities and Exchange Commission filed civil securities fraud charges on Thursday accusing two consultants with expert network firm Primary Global Research and four company employees with providing non-public information about earnings and technology products to hedge funds and others.

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