{"id":5089,"date":"2010-11-08T00:00:00","date_gmt":"2010-11-08T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2010\/11\/insider_trading_may_not_only_b"},"modified":"2021-04-05T12:30:12","modified_gmt":"2021-04-05T17:30:12","slug":"insider-trading-may-not-only-b","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/insider-trading-may-not-only-b\/","title":{"rendered":"Insider Trading: Likely on the Rise and Harder to Detect"},"content":{"rendered":"

At a recent New York City Bar gathering, U.S. Attorney for the Southern District of New York Preet Bharara said that not only is insider trading<\/a> \u201crampant\u201d and likely \u201con the rise,\u201d but also, that identifying, probing, and prosecuting this securities fraud <\/a>crime has become much harder. Bharara\u2019s speech was titled \u201cThe Future of White Collar Enforcement: A Prosecutor’s View.\u201d<\/em><\/p>\n

Bharara noted that because of the \u201csheer volume\u201d and \u201ccomplexity\u201d of stock trading, it is harder to identify when a specific transaction occurs because inside information was obtained. Also, such illicit trades, he said, are \u201csubject to plausible deniability.\u201d<\/p>\n

Bharara said that similar reasons make it easy for \u201cpre-textual trading,\u201d which is used to foil enforcement efforts, to occur. Also, the high volume of information that is now available through tweets, Web sites, blogs, and feeds can make it easier for someone to claim that trades were based on information obtained from \u201creports somewhere\u201d rather than from an insider. Bharara pointed out that blurred lines have developed between white-collar crimes and street crimes and that the globalization of crime has made it easier for offenders to hide their illegal gains. Meantime, it has become easier for fugitives to seek refuge abroad.<\/p>\n

Bharara vowed that probing and prosecuting insider trading remains a priority for the Federal Bureau of Investigation, the Department of Justice, and the US Securities and Exchange Commission. He said his office will use every legal tool of investigation at its disposal even if it means obtaining the court\u2019s authority to use wiretaps.<\/p>\n

The Future of White Collar Enforcement: A Prosecutor’s View<\/a>, New York City Bar, October 20, 2010 (PDF)<\/p>\n

Insider Trading, Stockbroker Fraud Blog<\/p>\n

Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

At a recent New York City Bar gathering, U.S. Attorney for the Southern District of New York Preet Bharara said that not only is insider trading \u201crampant\u201d and likely \u201con the rise,\u201d but also, that identifying, probing, and prosecuting this securities fraud crime has become much harder. Bharara\u2019s speech was titled \u201cThe Future of White […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3811],"tags":[],"class_list":["post-5089","post","type-post","status-publish","format-standard","hentry","category-insider-trading"],"yoast_head":"\nInsider Trading: Likely on the Rise and Harder to Detect — Investor Lawyers Blog — November 8, 2010<\/title>\n<meta name=\"description\" content=\"At a recent New York City Bar gathering, U.S. Attorney for the Southern District of New York Preet Bharara said that not only is insider trading \u201crampant\u201d — November 8, 2010\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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