Federal authorities want their insider trading probe to inspire fear on Wall Street, but...

|By:, SA News Editor

Federal authorities want their insider trading probe to inspire fear on Wall Street, but financial executives tell the NY Observer they are less than impressed. “It's the scandal du jour, I suppose," sniffs one strategist. "They’ve created a huge amount of smoke,” a senior bank exec says. “Right now, the results don’t seem to be breathtaking.”