Risky Business: Trafficking in Insider Information About Customers
June 15, 2011
The Department of Justice (“DOJ”) and Securities and Exchange Commission (“SEC”) are cracking down on the use of “expert” consulting networks that they allege paid company employees to provide hedge funds with material inside information about their employers and their employers’ business partners. The DOJ has brought well-publicized actions charging criminal violations of federal insider trading laws, while the SEC has followed suit with civil violations of the same laws.
In this webcast seminar, Dechert’s Claude M. Tusk, Adam J. Wasserman and Margaret A. Bancroft examine the federal insider trading law as it relates to tipping information about suppliers and customers, proper and improper uses of expert networks, recent related cases and best practices for dealing with these issues.