Insider Trading Allegations Continue To Rise In '08

Law360 (January 21, 2009, 12:00 AM EST) -- An oversight body for the New York Stock Exchange referred a record number of suspected insider trading violation cases to the U.S. Securities and Exchange Commission in 2008. The number of those cases involving probable hedge funds, however, fell last year after steadily rising since 2002.

NYSE Regulation Inc., a nonprofit organization that oversees the exchange, reported a total of 146 suspected insider trading cases to the SEC last year, compared with 141 in 2007 and 111 in 2006, according to the group.

Of those cases...
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