New York, NY – Our previous post indicated that the US Attorney General’s office initiated an investigation into the way professional money managers have been using research services like Gerson or Vista to obtain access to material nonpublic information.
However, this is not completely accurate as the US Attorney’s Office has reportedly initiated this investigation (though we are not sure which district is handling the affair). Subpoenas have been issued to various Gerson and Vista clients requesting e-mail records.