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COMMENTS: Insider Trading or Incessant Trading?
CBS claimed an Exclusive for Armen Keteyian's Investigation into a probe by David Kotz, Inspector General of the Securities & Exchange Commission. Keteyian was unable to name names but he did reveal that the FBI is actively investigating a pair of lawyers at the SEC for insider trading. Suspicious shares were sold in a "large financial services company," a "large healthcare company," and "an oil company," as official SEC scrutiny was pending. The explanation by one of the lawyers, Keteyian reported, is that she is constantly trading as her "main hobby," with almost 250 separate transactions over a two years period.
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