Thursday, April 4, 2013

Front running the government

...will become more profitable as the government grows.  
Shares in several big insurers rose as much as 6% between the time the firm, Height Securities, made its prediction at 3:42 p.m. and when markets closed. Volume for those companies in those final minutes was higher than the rest of the trading day put together. The government announced its change in policy about 35 minutes after the emailed scoop, ...
A Height executive acknowledged that the firm's alert led to the trading surge but said it did nothing wrong.

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