Robert Khuzami, director of the division of enforcement for the Securities and Exchange Commission (SEC), speaks at a news conference with Preet Bharara, U.S. attorney for the Southern District of New York, right, and Janice Fedarcyk, assistant director-in charge of the Federal Bureau of Investigation's (FBI) New York office, second from left, to announce insider trading charges against three portfolio managers and one hedge fund analyst in New York, on Tuesday, Feb. 8, 2011. Photographer: Stephen Yang/Bloomberg