In a speech delivered yesterday at the 41st Annual Securities Regulation Institute in Coronado, California, SEC Chair Mary Jo White announced that a “revolutionary” new tool for identifying insider trading by investment firms will be rolled out in 2014. The new technology, known as the National Exam Analytics Tool (“NEAT”), was developed by the Quantitative Analytics Unit in the SEC’s National Exam Program and will permit the agency’s examiners to “access and systematically analyze massive amounts of trading data from firms in a fraction of the time it has taken in years past.”
