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...
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