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October 21, 2009

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More May Be Charged

FOLLOWING hedge fund founder Raj Rajaratnam's arrest, United States federal investigators are poised to bring further "significant" hedge fund cases.

The targets will include financial professionals also involved in insider trading, a source familiar with the matter said. It was not immediately clear whether the new cases will be related to the one that ensnared Raj Rajaratnam and executives from some of the largest US companies.


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