Trade Group Asks SEC For Answers On Expert Networks

Law360, New York (January 31, 2011, 8:47 PM EST) -- A hedge fund trade group Monday asked the U.S. Securities and Exchange Commission for guidance on the agency's interpretation of insider trading laws and its stance on expert networks, which have drawn scrutiny from federal investigators in recent weeks.

The Managed Funds Association's director of communications, Steve Hinkson, said Monday that the request for guidance took the form of an "informal conversation" and that expert networking and mosaic theory- which entails collecting pieces of information from various sources to supposedly gain insight into a given company-...
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