Stock Exchanges May Cede Regulatory Supervision

Law360, New York (August 4, 2008, 12:00 AM EDT) -- The system for investigating insider trading in the United States may reportedly be facing changes, with regulatory supervision consolidated away from individual stock exchanges, the Financial Times reported Sunday.

A plan has been in negotiation for more than a year and is likely to be submitted to the U.S. Securities and Exchange Commission this week, the Financial Times reported Sunday.

Under the plan, which would constitute an agreement between the nine U.S. stock exchanges that currently monitor insider trading, the stock exchanges would relinquish their authority...
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