SEC Creating Database to Look Into Hedge-Fund Trading

Law360, New York (December 5, 2006, 12:00 AM EST) -- The U.S. Securities and Exchange Commission plans to implement a tracking system to help investigate cases of insider-trading at hedge funds by the middle of 2007, a top official with the SEC said Tuesday.

“The SEC presently does not have an electronic system to aggregate referrals based on the identities of the specific traders involved, but we anticipate implementing a new case tracking system by mid-2007 that will enable us to compile all referrals from different exchanges and different time periods by trader,” said SEC Enforcement...
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