White Collar Litigation Update


The DOJ’s and SEC’s Recent Focus on Insider Trading: The U.S Department of Justice (DOJ) and Securities and Exchange Commission (SEC) tend to fixate on different categories of fraud at different times. During the early 2000s, options backdating investigations dominated headlines. In the last few years, investigative focus has turned to banks, lenders, and financial service firms involved in the subprime mortgage deals that contributed to the financial market collapse in 2008.

The SEC and DOJ have now set their sights in new directions, including insider trading. The Wall Street Journal recently reported that the SEC and DOJ were preparing to announce charges against an array of financial players, including investment bankers, hedge fund managers, financial consultants and research analysts. Two days later, the FBI raided the offices of a number of hedge funds in New York, Connecticut, and Massachusetts.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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