Month: May 2010

THIS WEEK IN SECURITIES LITIGATION (May 28, 2010)

This week, the SEC continued moving forward with its reorganization, hiring its first COO. The Commission also brought insider trading actions arising out of the Pequot investigation and an FBI sting operation, as well as cases alleging investment fund fraud.

STING OPERATION CATCHES TWO INSIDER TRADING

Last year so-called blue collar tactics – wire taps and informants – resulted in the Galleon insider trading cases, discussed here. In January, an undercover sting operation yielded 22 arrests for FCPA violations, discussed here. Yesterday, another undercover sting operation

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