Four More Nabbed for Insider Trading

Bloomberg reports that, in the latest installment of a nationwide crackdown, four hedge fund managers have been charged with insider trading. The charges against Noah Freeman and Donald Longueuil, former portfolio managers at SAC Capital Advisors, as well as Samir Barai and Jason Pflaum of Barai Capital Management, were related to eight earlier arrests at Primary Global LLC. In a separate action, the Securities and Exchange Commission filed a civil suit charging that the four profited by more than $30 million thanks to insider trades.