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Stock Market & Financial Investment News

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December 21, 2012
06:40 EDTGS, JPM, USB, MS, BAC, WFC, CInsider trading increasingly moves beyond Wall Street, Bloomberg reports
Insider trading is growing beyond Wall Street and the U.S. government is increasingly tracking trading abuses wherever they occur, reports Bloomberg. “I don’t recall a time in history where this many U.S. attorney’s offices and the SEC have brought so many big insider cases in such a short period,” says Daniel Hawke, director of the SEC's Market Abuse Unit. “It shows there’s a high level of activity and energy and coordination.” The number of people sued by the SEC or charged with insider trading by the Justice Department has more than doubled since 2008, according to Bloomberg data. Reference Link
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