Neuberger Berman Group, Level Global Investors and Diamondback Capital Management employees may face criminal charges as part of an insider-trading probe by U.S. authorities in New York, a person familiar with the matter said.
The charges may be filed as early as this month, said another person familiar with the probe who also wasn’t authorized to speak because the matter isn’t public. The new allegations stem from a four-year federal probe by the office of Manhattan U.S. Attorney Preet Bharara and the FBI in New York, the first person said.
Mr. Bharara’s office has charged at least 56 people with insider trading and more than 50 have pleaded guilty or been convicted after trial since 2009. They included Galleon Group co-founder Raj Rajaratnam, who was convicted in May and sentenced to 11 years in prison.
James Margolin, a spokesman for the FBI in New York, declined to comment Wednesday on possible new charges in the probe. Ellen Davis, a spokeswoman for Mr. Bharara’s office, also declined to comment.
Steve Bruce, a spokesman for Diamondback, declined to comment on the probe. A representative for Level Global Investors also declined to immediately comment.
Richard Chimberg, a spokesman for Neuberger Berman, said, “We have not heard of any such allegation or investigation” against an employee.