Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Beware of Expert Networks

Louis M. Thompson | June 18, 2013

Corporate compliance and investor relations officers beware: Employees at your companies may be participating in so-called “expert networks,” which could expose them to charges of insider trading and the company to reputational damage.

Indeed compliance and IR officers would be wise to warn employees company-wide that any participation in expert networks may be hazardous to their future employment.

The world of information exchange in the securities business has always been shadowy, but now it's getting even murkier. Case in point is the saga of the Securities and Exchange Commission's pursuit of insider-trading cases, particularly its current effort to tighten the noose around SAC Capital Advisors and its billionaire founder and owner Steven Cohen for alleged insider trading. In late May, Cohen informed the SEC that his cooperation with its investigations was...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.