SEC Could Bring More Insider Trading Cases In-House

Law360, Washington (June 11, 2014, 6:53 PM EDT) -- The U.S. Securities and Exchange Commission plans to bring in-house administrative proceedings against some alleged insider traders rather than take those cases to federal court, the agency's enforcement chief said Wednesday, while defending the SEC's recently lackluster trial record.

Andrew Ceresney, the head of the SEC's Division of Enforcement, said that it's just a matter of time before the SEC files an administrative proceeding against an insider trading defendant, and said he thinks the agency will choose the in-house venue more often for other types of cases.

"I think you are seeing us use the administrative proceeding more and it's a...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Related Sections

Law Firms


Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!