SEC Uncovers Wide-Reaching Insider Trading Scheme — SEC Press Release

The Securities and Exchange Commission today announced insider trading charges against seven individuals who generated millions in profits by trading on confidential information about dozens of impending mergers and acquisitions.  Data analysis allowed the SEC’s enforcement staff to uncover the illicit trading despite the traders’ alleged use of shell companies, code words, and an encrypted, self-destructing messaging application to evade detection.

via SEC Uncovers Wide-Reaching Insider Trading Scheme — SEC Press Release