WSJ Suffers Insider Trading Deja Vu
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Friday, December 03, 2010

WSJ Suffers Insider Trading Deja Vu

Even as Janus is waving away the smoke by telling reporters that it is not a target of the FBI's insider trading probe, the WSJ Fund Track dials it back two days and runs an older story on, you guessed it, Janus and Wellington being asked for information by the FBI.

The updated article (it ran on MarketWatch on Wednesday) does confirm that Janus and Wellington are both not targets but not until paragraph two.

Meanwhile, Reuters is the first news service to provide the email that John Kinnucan sent to his clients. The publication also includes a list of those firms that received the now infamous missive.

Those clients include: Ameriprise, Friess Associates, Sonar Capital and MFS Investment Management were included along with hedge funds Coatue Management, Citadel, SAC Capital Advisors and Maverick Capital.

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