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Bailey McCann, Opalesque New York: Securities regulators in the United States along with the Federal Bureau of Investigation (FBI) are cracking down on insider trading. In a report released Tuesday, the FBI outlined its efforts which include wiretapping, saying that insider trading has become 'widespread.' Several regulators including the Securities and Exchange Commission (SEC), Office of Compliance Inspections and Examinations (OCIE), Financial Industry Regulatory Authority (FINRA), and the Chicago Board Options Exchange (CBOE)have issued new guidance on master/sub-account arrangements which they note are often set up to escape scrutiny.
The FBI launched a full anti-fraud campaign Tuesday, including a video public service advertisement (PSA) with actor Michael Douglas reprising his role as Gordon Gecko from the movie Wall Street. The Bureau also released ...................... To view our full article Click here
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