These brokers were duty-bound to keep information about large customer orders confidential and to use it to benefit the customer.

We do have a broader concern of the misuse or leakage of information regarding large ... orders.

It is particularly troubling when variable annuities, which are designed for and sold to retail investors to save for retirement and purchase life insurance, are affirmatively marketed to professional market timers.

When it came to entering mutual-fund orders, Bear Stearns essentially handed the keys to the system over to the hedge funds.

We've never seen before a case involving so many different attempts to obtain information illegally.