“There is a line—I think it is a pretty bright line—when you cross over into insider trading,” Ms. Schapiro said. “There is nothing wrong with doing tremendous due diligence” when it comes to stock research.” She reinforced what the SEC’s position has been all along,” said Jamie Nash, a hedge-fund lawyer with Kleinberg, Kaplan, Wolff & Cohen PC in New York who attended the conference. “There’s nothing wrong with digging into the weeds and doing deep dives on your investments and potential investments. But you have to make sure you have robust compliance and controls.”
Read more: SEC Chief Draws a ‘Bright Line’ on Insider Trading — WSJ.com
