Bluesheeting, for those who haven’t experienced it, is the archaic and cumbersome process by which SEC and FINRA staff collect equity stock trading information for particular issuers…. Enter the Consolidated Audit Trail, basically a continuous data stream that will allow SEC and FINRA staff to know what trades are being executed as they’re happening. The prospect of it is quite remarkable. From a law enforcement perspective, it will make the early stages of insider trading cases much easier and faster to investigate. No Bluesheets. No paper requests for account documents. No silly delays because compliance staff are on vacation.
‘Enforcement 40’ for 2020
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedIn