| NEW YORK
NEW YORK Dec 16 The employee for Taiwan
Semiconductor Manufacturing Co (2330.TW) arrested in the U.S.
investigation into insider trading by hedge funds was
approached by federal agents this past summer, said a person
familiar with the matter.
The source, who declined to be identified because of the
sensitivity of the matter, said agents from the Federal Bureau
of Investigation wanted the employee, who is based in
Burlington, Massachusetts, to cooperate with the
The TSMC employee, Manosha Karunatilaka, was one of four
people arrested Thursday and charged by federal prosecutors
with passing on confidential corporate information to hedge
funds. Karunatilaka was a consultant for California-based
"expert network" firm Primary Global Research.
The source said that Karunatilaka, while working for
Primary Global, was approached by a number of hedge funds to
provide information. One hedge fund he dealt with was Level
In November, the offices of Level Global were raided by the
FBI as part of the investigation. A Level Global spokesman was
not immediately available for comment, but the hedge fund has
said it is not a target of the investigation.
It is unknown who, if anyone, is representing
(Reporting by Matthew Goldstein. Editing by Robert MacMillan)