The SEC is getting much better at spotting transactions that look like they might be insider trading, with the help of regulatory partners like FINRA and the stock exchanges. “The minute you go out there and start trading on that kind of information, that’s risky.” SEC investigators have become more skilled at flagging suspect trades “If you have any reason to think the information you are getting you shouldn’t be getting, don’t trade on it,” said Daniel Hurson, a former SEC lawyer in Annapolis, Md. Insider trading is, at its core, profiting on nonpublic information by trading a company’s stock before the news investors need becomes public. The congressman allegedly tipped off his son, who then was able to sell about one and a half million shares. You don’t have to trade stocks yourself to be guilty of insider tradingĪn individual can still get in trouble with the law if he or she doesn’t trade on the information, but instead passes it on to someone else, said Tom Gorman, a lawyer with Dorsey & Whitney and former SEC enforcement attorney who publishes a popular securities blog.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |