Khuzami says SEC to broaden crackdown on insider trading

11/23/2009 | Bloomberg

Robert Khuzami, enforcement director at the Securities and Exchange Commission, said the agency plans to broaden its efforts in rooting out insider trading to include derivatives and other financial instruments. "The days of insider-trading scrutiny being focused almost solely on the equity markets are now gone," Khuzami said. In May, the SEC brought its first insider-trading case related to credit default swaps. Khuzami said the commission will "roll back the curtain on those markets and look at patterns across all markets."

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