The evil, publicity hungry SEC, anxious to shove down the memory hole the days of nothing but porn surfing at the agency, is about to bring the mother of all "insider" trading show arrests.
We know this because the inside information about the cases is being leaked by the investigators themselves. These leaks, which are unlikely to be investigated, spin the cases before the arrests and poison the likely jury pool. It's evil stuff and could only be conducted by evil bastards more interested in a prosecutorial wins for their resumes than justice.
The worst part of it all is that hedge funds have been forced to instruct their traders to be careful what they say on the phones, for fear the phones are tapped. ZH thumbs the situation this way, "Traders at two $10bn+ HFs told not to speak to sales coverage on fears all conversations bugged."
As I have said before, the fear that someone may be monitoring your conversation is one of the most evil fears that a government can bring down on a nation. I continue to believe it is a form of solitary confinement. Wall Street is now in partial solitary confinement, as a result of some power tripping egomaniacs in government. Today it is Wall Street, tomorrow it could be your street. Welcome to the USSR.