When Wall Street consultant Peter Davis left a voice mail message last Oct. 31 for a colleague of
The SEC has levied civil charges against Davis, Youngdahl and MFS Senior Vice President Steven Northern. Davis has pleaded guilty and settled with the SEC, but Youngdahl and Northern are fighting the charges. One of Youngdahls attorneys told The Wall Street Journal that the government did a poor job of managing its information and that the information was not labeled as confidential.
Manhattan U.S. Attorney Jim Comey said the government is investigating other firms that could have profited from the leak. On Oct. 31, Comey said, " Goldman traders began trading like there was no tomorrow. And in the case of the 30-year Treasury bond, there wasnt any tomorrow."
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