FBI raids three investment firms
S. Securities and swap Commission statement filed on September 30.The FBI is conducting court-authorized search warrants now an on-going investigation, the approved told CNN, but declined to comment on whether the raids were part of a wider insider-trading investigation.Mondays raid comes on the heels of a 2009 lawsuit, while federal prosecutors charged hedge-fund billionaire Raj Rajaratnam of the Galleon cluster and others with reaping millions from illegal trading sandwiched between 2006 and 2009. Rajaratnam has pleaded not guilty.Diamondback assets Management, Level worldwide Investors, and Loch assets Management may perhaps not happen right away reached in lieu of comment.