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Employee Conflicts of Interest Insider Trading MNPI & Enterprise Conflicts NA Regulations

The SEC bringing new civil charges case for Insider Trading

The SEC announced today that they are bringing civil charges against Leon Cooperman and Omega Advisors for insider trading. The SEC alleges that Cooperman, who was a large shareholder in APL received confidential information and ultimately traded on that information. Ultimately the position in APL resulted in an increase of more than 30%.

Whether it is proven or not that Cooperman and Omega Advisors actually committed violations of securities laws, compliance professionals are required by law to have adequate insider trading policies and procedures and as we also know, it is imperative to test your policies and procedures to determine if there are breaches of the company policy.

While this may or may not have been done in this case, StarCompliance has an automated solution to monitor and detect potential violations of your company insider trading policy. StarCompliance will configure the system to your exact specifications to give you comfort that you have the ability to manage the very real risk of regulatory enforcement for insider trading.

Please contact your StarCompliance sales representative for a demo of our insider trading module and our other conflict of interest solutions.