By Pamela J. Bethel Recently, we explained, in the context of white-collar crime, why e-mail is a dangerous tool to use, even when you are not guilty, and why one should never be too complacent about what prosecutors may be up to. Here is another lesson: Even a seemingly unbreakable conspiracy can fall apart. All...
Tag: Insider Trading
Rise in SEC Enforcement Expected to Continue This Year
By Pamela J. Bethel The U.S. Securities and Exchange Commission’s Enforcement Division announced on Nov. 9 that it filed an all-time high 735 actions and collected $2.8 billion in penalties in fiscal year 2011. These included, the SEC said, 15 separate actions involving wrongdoing related to the financial crisis. Seventeen individuals were named in such...
Is SEC Rewriting Insider Trading Law?
As we and others have noted lately, the Securities and Exchange Commission and the Justice Department have taken a new and aggressive attitude towards insider trading. Both in high-profile prosecutions like that of the leaders and employees of the Galleon Group LLC hedge fund, and in more routine civil enforcement actions, it looks to a lot...
Traders Beware — The SEC Is Watching
The Securities & Exchange Commission is taking a new and aggressive position on insider trading. The message is clear: “Traders beware! We are watching.” Investigators are not only watching; they are using new tactics to hunt new targets, casting their nets to ensnare players both big and small. Several recent investigations and convictions reflect this...