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SEC Whistleblower Lawyer Blog

Articles Posted in Insider trading

The U.S. Securities and Exchange Commission has recently ratcheted up enforcement of insider trading cases, announcing investigations against ten people in four different cases in July. The headline-grabbing case involves a former Coinbase manager, his brother, and a friend alleging a scheme to trade the cryptocurrency ahead of announcements that crypto assets would be available for trading.  Increase in SEC Insider Trading Cases  While crypto assets and nonfungible tokens (NFTs) are currently facing a great deal of scrutiny from the SEC and the U.S. Department of Justice, there’s something more to the flurry of new charges. The SEC attributed charges in three of its four new cases to data analytics from the Market Abuse Unit’s Analysis and Detection Center that identifies suspicious trading activity. SEC Enforcement Director Gurbir Grewal noted that these new tools will help the SEC “root out misconduct and hold bad actors accountable no matter the industry or profession.”  As insider trading cases can have complex facts with targets who are intentionally hiding or destroying evidence, the SEC whistleblower plays a crucial role in helping identify and/or locating key pieces of evidence.The U.S. Securities and Exchange Commission has recently ratcheted up enforcement of insider trading cases, announcing investigations against ten people in four different cases in July. The headline-grabbing case involves a former Coinbase manager, his brother, and a friend alleging a scheme to trade the cryptocurrency ahead of announcements that crypto assets would be available for trading. Continue reading

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