Tag: Panuwat

Companies Rethink Insider Trading Policies After Novel SEC Win

The Wall Street regulator’s victory, likely to eventually reach a federal appeals court, is forcing companies to take a second look at their own insider trading policies. Some have expanded those policies to explicitly address shadow trading, according to a Bloomberg Law search. Others are considering narrowing their prohibitions, hoping to limit employees’ exposure. “Companies across the board are taking…

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Statement on Jury’s Verdict in Trial of Matthew Panuwat

Today, after an eight day trial and only several hours of deliberation, a jury in the United States District Court for the Northern District of California found Matthew Panuwat liable for insider trading in violation of the federal securities laws. Statement of SEC Division of Enforcement Director Gurbir S. Grewal: “As we’ve said all along, there was nothing novel about…

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