Panel at recent regulatory conference discuss financial crimes, recourse that’s available when crimes cross borders, and how CFA Institute deals with members involved in crimes.
Although insider trading prosecution has a long history in the US, recent actions by the courts and Congress have thrown the SEC enforcement arm into a no man’s land.
Despite courts’ waffling on insider trading, the CFA Institute Code and Standards are constant: If you know the information is material and not in the public domain, don’t trade or cause others to trade by disclosing it.
When does strategizing with other investors on your activist plans morph into tipping fellow investors about trading positions that could move stock price once disclosed?
Landmark legal victory not only will help restore investor trust but also give market players strong incentives to play fair and square.
How overconfidence and the lack of an effective compliance program and rigorous risk assessment system can lead investment professionals into dangerous waters.
The largest insider-trading settlement in history, the SAC Capital case signals a new chapter in the federal government's crackdown on insider trading.
The SAC Capital Advisors case emphasizes the importance of exercising supervisory responsibility. Supervising others to prevent violations of securities laws, rules, and regulations is also a prominent part of the CFA Institute Code of Ethics and Standards of Professional Conduct.
Insider trading charges against the former research analyst and alleged SAC tipper raises the question of when the sharing of "confidential" information constitutes insider trading.
JPMorgan’s FERC settlement renews debate over trust and ethics in finance and the ineffectiveness of regulatory “hand-slaps.”