Former Goldman Sachs and P&G Board Member Charged in Insider Trading Scheme

The Securities and Exchange Commission [SEC] has filed a lawsuit against former Goldman Sachs (GS) board member and Procter & Gamble Co. (PG) Director Rajat Grupta over insider trading for illegally tipping Galleon Management founder and hedge fund manager Raj Rajaratnam with inside information about the quarterly earnings at both firms as well as an [...]