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Spotlight on Insider Trading | | .................................................................................................................................................................................................
| The
SEC regularly brings insider trading enforcement actions against:- Corporate
officers, directors, and employees who traded the corporation's securities after
learning of significant, confidential corporate developments.
- Friends,
business associates, family members, and other "tippees" of such officers,
directors, and employees, who traded the securities after receiving such information.
- Other
persons who misappropriated, and took advantage of, confidential information from
their employers.
Recent
Remarks on Insider Trading
"We at the SEC are committed to pulling
back the curtain on hedge fund operations and taking a close look at their activity.
We are developing a variety of initiatives to do that involving greater
specialization and expertise, improved technological tools to track and analyze
trading, better coordination among regulators and law enforcement, new legislative
initiatives, and other means to address these areas.
"It
would be wise for investment advisers and corporate executives to closely look
at today’s case, their own internal operations, and the increasing focus
and scrutiny on hedge fund trading activity by the SEC and others, and consider
what lessons can be learned and applied to their own operations."
—
SEC Enforcement Director Robert Khuzami,
Remarks at News Conference, Oct. 16,
2009 | | | | | | | | | | | | | | | | | | |
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