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Article: Insider Trading Is Back.
- Article from:
- Mondaq Business Briefing
- Article date:
- September 17, 2007
- Author:
CopyrightCOPYRIGHT 2007 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Remember Ivan Boesky, Dennis Levine, and Michael Milken? Many Wall Street professionals and corporate executives are too young to remember the insider trading scandals of the 1980s. And that is the problem. Insider trading cases against Wall Street professionals and corporate executives are back in a big way.
Following the high profile insider trading cases in the 1980s, there were no SEC enforcement actions against Wall Street professionals between 1990 and 1995, and there were only cases against ten such individuals between 1995 and 2000. Now, in the first half of 2007, the SEC has sued over 20 professionals for insider trading.
Most of the SEC ...