Technology advancements have enabled employees to work seamlessly from home and public places. Companies are embracing remote work options to cultivate a more satisfied and productive workforce. However, a negative consequence of this otherwise positive trend is that employees routinely remove sensitive company documents from the secure confines of their offices and company databases. Unprotected confidential information is susceptible to being furtively viewed and misused by outsiders for personal gain, including to commit illegal insider trading. Indeed, enforcement agencies continue to file a steady stream of insider trading cases stemming from confidential information being absconded from unwitting corporate insiders. The risk of such incidents is increasing due to the expected continued escalation of remote working.
Recent SEC enforcement cases illustrate how bad actors can and will take advantage of an opportunity to abscond confidential information from unwitting corporate insiders working remotely….
‘Enforcement 40’ for 2020
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