Insider Trading

Overseas Data Hackers Behind Insider Trading Case

In August, the U.S. Department of Justice in Brooklyn, N.Y. and Newark, N.J. charged nine people in federal court with insider trading in an operation where hackers broke into three business newswire organization servers, stole yet-to-be-published press releases, and used that information to make trades that generated $30 million in illegal profits. In addition to […]

Continue Reading

SEC is Finalizing Rules for Broader Executive “Clawback”

It seems reasonable enough. If an executive of a company that engages in unethical or illegal conduct has received incentives such as stock options or bonuses, once those actions come to light the executive would be required to return those incentives. The term for that is “clawback.” Currently clawback rules apply only to the CEO […]

Continue Reading

Data Privacy in the Financial Services Sector

The financial services sector of the U.S. economy is the most highly regulated area of the economy. Recently, much of the new legislation has been aimed at data privacy and protecting personal information. With data breaches reported on a seemingly daily basis, and with the growth of identity theft as a crime, it’s not surprising […]

Continue Reading

How the Justice Department is Going After FIFA

It may seem odd that a law written in 1970 to prosecute gangsters could be same law to be wielded against the governing body of the world’s most popular sport, but that is exactly what happened recently when the Justice Department filed RICO charges against FIFA, the Fédération Internationale de Football Association on May 27, […]

Continue Reading

SEC Doesn’t Only Target Big Fish

As proof that you don’t have to be a high-profile businessperson to be the target of a Securities and Exchange Commission investigation, seven golfing pals were recently charged with insider trading, netting illegal profits of $554,000. The complaint alleges that a Waltham, Massachusetts man repeatedly provided non-public information about a tech company to six of […]

Continue Reading

What Does RegTec Do?

We are a Chicago-based firm that focuses on offering the financial services industry the right tools to ensure their work meets the highest requirements. We work hard to provide end-to-end solutions and advanced tools to handle compliance, systems, and administrative needs for exchange members, investment advisors, and broker-dealers. Investment Advisors Ours services include: State registration […]

Continue Reading