SEC Announces Proposed Plan to Enhance Insider Trading Surveillance and Detection

by Sabrina I. Pacifici on August 13, 2008

News release: “The Securities and Exchange Commission today announced that it has published for public comment an agreement [Release No. 34-58350] among the securities self-regulatory organizations (SROs) that is designed to improve detection of insider trading across the equities markets by centralizing surveillance, investigation, and enforcement under NYSE Regulation, Inc. (NYSE Regulation) and the Financial Industry Regulatory Authority, Inc. (FINRA). Currently, each equity exchange is responsible for surveillance of trading on its market and any investigations and enforcement actions involving its members.”

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