SEC Says Confidential Trading Info Needs More Protection

Law360, New York (September 27, 2012, 9:32 PM EDT) -- The U.S. Securities and Exchange Commission on Thursday expressed concern over potential undetected insider trading resulting from traders and broker-dealer executives' informal interactions with people and groups that might benefit from their knowledge of nonpublic information.

In a report by the Office of Compliance Inspections and Examinations, the SEC said some broker-dealers need to strengthen their monitoring and oversight of situations that could lead to the misuse of material and confidential trading information.

"This report should help broker-dealers assess the effectiveness of their controls over sensitive...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.