Primary Global’s ‘Gated Network’ May Have Included Insiders
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Primary Global Research LLC, the consulting firm whose employee was arrested in the U.S. crackdown on insider trading, uses a “gated network” of experts that can help clients make investment decisions.
Some of the experts employed by the Mountain View, California-based firm were insiders at publicly traded companies who shared nonpublic information about forthcoming results with its hedge-fund clients, according to sworn testimony by FBI agent B.J. Kang unsealed yesterday by U.S. prosecutors in New York.