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Ex-Goldman director pleads not guilty to securities fraud

NEW YORK — Former Goldman Sachs director Rajat Gupta pleaded not guilty Wednesday to insider trading after giving himself up to the FBI, as the high-flying executive was caught in a growing Wall Street scandal. Indian-born Gupta is accused of leaking information to Sri Lankan-born old friend Raj Rajaratnam, a…

‘Dramatic enforcement actions’ coming to Wall Street soon: Geithner

U.S. Treasury Secretary Timothy Geithner Friday promised “dramatic enforcement actions” against Wall Street power brokers who helped guide the economy into a slump. In an interview with CNBC’s Steve Liesman on “Squawk Box,” Geithner was asked about the “bit of chaos on Wall Street” (as Liesman characterized the Occupy Wall…

White-collar wiretaps can lead to legal challenges

NEW YORK, March 17 (Reuters Legal) – In the ongoing insider-trading trial of Raj Rajaratnam, the government is firing some potent missiles from its arsenal of 2,400 taped phone conversations. But in a related case, a federal judge recently rebuked investigators for their handling of a wiretap, showing this powerful…

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