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Where does it state they've been actively investigating this since the event occurred? Do you think the SEC is like Yoda and feels a disturbance in the Force w
by henning 18y ago
Where does it state they've been actively investigating this since the event occurred?
Do you think the SEC is like Yoda and feels a disturbance in the Force when someone engages in insider trading?
- vaksel 18y agoThey probably flagged it during the quarter following the transaction. And if they haven't started actively investigating it right away, that seems even worse somehow
- henning 18y agoI wouldn't be surprised to hear a government agency is inefficient, but I hope idle speculation doesn't become a substitute for facts around here.
- tomsaffell 18y agoHistorically regulators (such as the SEC and FSA in the UK) have had to look at the data after the fact to search for evidence of insider trading. They are in the midst of adopting technologies that will allow them to monitor in real time, and potentially even stop the trades (though I'm not sure it would have help in this case). Apama is helping do this in the UK: http://apama.typepad.com/my_weblog/2007/06/the_financial_s.html http://apama.typepad.com/my_weblog/2007/06/the_financial_s.h... http://www.progress.com/apama/index.ssp http://www.progress.com/apama/index.ssp Disclaimer: I used to work for these guys, but back in 2000 when the plan was to become a location-aware social web service (like loopt)