Insider Trading -- How They Claim They Use 'News'
The saying goes that communication is key. But lately, it may have been a little too key. Federal prosecutors in New York are investigating insider-trading on Wall Street. And complicating matters are the “new challenges in detecting, investigating and prosecuting abuses given the speed and complexity of the financial markets and a burst of new electronic media over which traders can communicate,” a Washington Post story reports.
It quotes Preet Bharara, U.S. attorney for the Southern District of New York, saying that the rise in financial newsletters, websites, blogs, and social media “has made it easier for those accused of insider trading to claim they acted on the basis of something they read.”
Media
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in