from Breakingviews:

Wall Street is finally getting clarity on the law

December 8, 2015

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from Financial Regulatory Forum:

Spoofing or just fast trading? Chicago case helps unwrap mystery

By Guest Contributor
November 19, 2015

By Richard Satran, Regulatory Intelligence

NEW YORK, (Thomson Reuters) - Compliance professionals were startled when a jury in the futures industry's home base of Chicago convicted a veteran commodities trader of "spoofing," a crime punishable by up to 25 years in prison but involving a kind of market manipulation once thought too vaguely defined to be prosecuted. It was surprising that a case of such complexity could be brought to such a conclusion, even more that jurors took just an hour of deliberation to do so.

from Breakingviews:

Congress’ insider traders finally out of excuses

November 16, 2015

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from Breakingviews:

Overreaching enforcers redraw insider trading line

December 11, 2014

By Reynolds Holding

The author is a Reuters Breakingviews columnist. The opinions expressed are his own. 

from Breakingviews:

Steve Cohen’s loot could land in undeserving hands

November 11, 2014

By Reynolds Holding

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from The Great Debate:

Insider traders are still trying to get it right

By Robert Boxwell
March 20, 2014

Sylvester Stallone once told an interviewer about advice he got from Carl Icahn when they were discussing investments. “The dumbest guy on Wall Street is smarter than you,” Icahn warned him. “Keep your money in the bank.”

from Bethany McLean:

Is Steve Cohen the real target in this trial?

By Bethany McLean
February 5, 2014

The fate of Mathew Martoma, the former SAC Capital portfolio manager charged with the biggest insider trade in history -- more than $275 million in profits and avoided losses, says the government -- is now in the hands of a 12-person jury, which began deliberations in a Manhattan courthouse Tuesday afternoon.

from Financial Regulatory Forum:

Interview: After SAC, corporate monitor says what makes effective compliance programs

By Guest Contributor
November 13, 2013

By Emmanuel Olaoye, Compliance Complete

WASHINGTON, Nov. 13 (Thomson Reuters Accelus) - Last Monday's announcement that the hedge fund SAC Capital Advisors will pay $1.8 billion and hire a compliance monitor to settle insider trading charges highlighted the importance of outside compliance monitors in modern financial services enforcement.

from Bethany McLean:

The folly of trying to level the investment playing field

By Bethany McLean
July 25, 2013

The government is cracking down on insider trading; isn’t that great news for you? Last Friday, the Securities and Exchange Commission charged hedge fund mogul Steve Cohen with failing to supervise two employees who themselves face insider trading charges; on Thursday morning the Justice Department filed criminal charges against his firm, SAC Capital. Earlier this summer, the news broke that New York’s attorney general, Eric Schneiderman, was investigating the early release (by Thomson Reuters, which publishes this column) of the University of Michigan’s widely-watched index on consumer sentiment to a group of investors. Faced with a court order, Thomson Reuters agreed to suspend the practice, while asserting that "news and information companies can legally distribute non-governmental data and exclusive news through services provided to fee-paying subscribers."

from Unstructured Finance:

SEC vs. SAC give rise to many legal theories

July 22, 2013

It seems everyone has their own pet theory about why the SEC chose now to move against hedge fund titan Steven A. Cohen after years of being part of the hunt along with the FBI and federal prosecutors.