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Insider trading used to happen on Wall Street, where deal-makers and analysts routinely handle company secrets and the temptation to cash in can be great, or in corporate C-suites, where advance word of a company’s plans or problems could be leaked to family or friends. But recent Securities and Exchange Commission enforcement actions and Justice Department prosecutions show there’s also money to be made trading on the kind of information that mid-level employees at nonfinancial firms have about the operations of their companies.

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