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First CDS insider trading case launched

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http://www.ft.com/cms/s/0/8ed71f50-399d-11de-b82d-00144feabdc0.html?nclick_check=1


In a civil complaint filed in New York, the SEC alleged that a bond salesman for Deutsche Bank, which was working on a high-yield bond issue for VNU, tipped off a portfolio manager at Millennium Partners about changes in the Dutch publishing company’s debt offering in July 2006


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