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Did SEC Enforcement Lawyers Engage in Insider Trading?

By Michael MacPhail, Esq.

            An article posted on today?s CBS website reports that the FBI is investigating two attorneys in the SEC?s Enforcement Division for insider trading.   If these lawyers did indeed trade in the stocks of companies under investigation, this would amount to a shocking betrayal of the public trust and would further tarnish the reputation of a once-proud agency now viewed more negatively than the IRS.[1]   The Inspector General's report is available at http://www.cbsnews.com/htdocs/pdf/051409_ak_sec.pdf                 The IG report cited in the article states that one of the attorneys, a female, ?traded in the stock of a large financial services company? whom she understood was being investigated...continue to full post

Full post as published by NASD, SEC and Regulatory Defense Blog on May 15, 2009 (boomark / email).