The U.S. Department of Justice (DOJ) and Securities and Exchange Commission (SEC) have three words for executives tempted to trade on inside information and make a quick buck in the stock market: "We're watching you."
Federal securities enforcement officials are using data analytics to streamline their insider trading investigations, helping them bring cases faster and with more precision than ever before.
Speaking late last month at Securities Enforcement Forum West near Stanford University, the SEC's Rahul Kolhatkar said the agency's ability to more quickly identify aberrant trading helped lead to the successful prosecution late last year of Brazilian national Romero Cabral Da Costa Neto.
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Maria Dinzeo
Maria Dinzeo is a San Francisco-based journalist covering the intersection of technology and the law, with a focus on AI, privacy and cybersecurity.
