From Compliance Week’s Enforcement Action blog:
Maybe a cheating heart should foresee a cheating heart, despite what the Second Circuit held back in 2001.
One thing that is becoming clear to me from following SEC enforcement actions is that if you share inside information with your mistress, you really cannot count on her keeping it a secret. In fact, the SEC jurisprudence in this area suggests it is much more likely that your mistress will promptly share whatever inside information you provide her with some other dude who she may be dating on the side.
