Get caught up with the Securities Docket News Wire for October 9, 2014.
SAC Capital’s alleged insider trading that led to a $602 million settlement with the SEC is discussed in detail in the excellent piece in The New Yorker that I recommended earlier this week. Now the SEC is faced with another question: what should it do with that $602 million? via SAC’s Insider Trading ‘Victims’ Push for Share of $602 Million Settlement |…
“We are revising our prevention of insider trading regulations because we have discovered cases… Unfortunately the cases are not just from small companies but also from big ones,” Sebi Chairman UK Sinha said. Emphasising that Sebi was “going to tighten the norms about insider trading regulations”, Sinha said, “I am sure insider trading as an offence is happening in India.”…