SEC Expands Insider Trading Probe to Include 44 Funds

In a new court filing on July 16, 2014, the SEC disclosed that it expanded an insider trading investigation into the U.S. House Committee on Ways and Means, as well as a top staffer, to include forty-four (44) investment funds and other entities.

The 44 investment funds are all clients of Height Securities LLC, a research firm that allegedly sent its clients an e-mail outlining a change in government health-care policy shortly before the government announced the change.

See: SEC Opposition to Motion to Dismiss.