Insider Trading Enforcement

In today's SM Litigator Blogwatch, Tom Gorman discusses the SEC's renewed campaign against inside trading. On SM Litigator's SEC Enforcement Actions data analysis page, you can actually review the trends. In the past 12 months, the SEC has instituted proceedings against 106 defendants. In the 12 months previous, the Commission launched actions against 72 defendants. In the 12 months previous to that period (October 2004 through October 2005), the SEC brought actions against 96 defendants. So there is clearly an upward enforcement trend, although perhaps not dramatically in excess of previous years. Institutions associated with individual defendants include Dell, Goldman Sachs, Banc of America Securities, Morgan Stanley, Credit Suisse, Bear Stearns, UBS Securities, the law firm Katten Muchin Rosenman, and Fredericks of Hollywood!