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...Commission has already charged 14 defendants in an illegal scheme allegedly using information stolen from UBS Securities LLC and Morgan Stanley & Co., Inc. SEC spokesman Scott Friestad told TIME, "The Commission intends to scrutinize other trading that is highly suspicious in nature," directly tied to the case involving Catellas Development, a California-based developer of residential, retail and office and other properties. Though declining to identify those under scrutiny in the continuing probe, he said additional charges could be forthcoming against others who may have known or benefited from the alleged criminal activity...
...come under investigation, and that a decision on charging them would be clearer "in the next few months." Friestad noted that insider trading investigations often scrutinize, and later charge, "family members, friends, college roommates and other social acquaintances" of those identified in the initial round of formal accusations. The SEC often tries to pressure those under investigation to cooperate with the agency...
...group of alleged conspirators who passed on or used inside information eventually numbered 14, the SEC said, including eight Wall Street professionals, two broker-dealers and three hedge funds, including Lyford Cay, a Bear Stearns limited partnership. The SEC complaint alleges that eight Wall Street professionals, including a UBS research executive and a Morgan Stanley attorney, two broker-dealers and a day-trading firm participated in the scheme. The defendants also include three hedge funds, which were the biggest beneficiaries of the alleged fraud...
...colored-gemstone-mining operation" and pioneering new technology like an optical sorter adapted from the recycling industry that is used to scan the shaft debris for overlooked tanzanite. Never mind that some systems underground?such as having workers hand-tie sacks of debris onto a pulley rope at 9-sec. intervals?seem straight out of The Flintstones. He's enthusiastic about the potential for mining companies to have a positive impact in Tanzania...
...Ship reaches 3,500 m.p.h. (5,633 km/h) during 90-sec. climb up to 80 miles...