DoJ Goes After Hedge Fund Trader Icahn, Continues to Ignore Banks

As an FBI and SEC investigation of Carl Icahn for insider trading is said to hit a snag, the move raises questions as to why hedge funds are being constantly targeted but not the large banks?

Insider trading case from 2011 being dredged up

The FBI and SEC are investigating if golfer Phil Mickelson and famous Las Vegas sports gambler William “Billy” Walters traded on inside information from the 2011 takeover of Clorex, which turned out to be a rare loss for Icahn.  The government is said to be relying on electronic eavesdropping – cell phone calls,...