The SEC charged three individuals with securities fraud for engaging in insider trading in the securities of Equifax, Inc. prior to its announcement of a major data breach.
In a civil Complaint alleging cryptocurrency insider trading, the SEC asserted that nine of the 25 cryptocurrencies implicated in the alleged scheme were "crypto-asset securities."
At a hearing before the Senate Committee on Banking, Housing, and Urban Affairs, witnesses raised the pros and cons of the proposed Insider Trading Prohibition Act.
Comments on an SEC proposal to amend its insider trading rules to address concerns about liability coverage abuse are due by April 1, 2022.
SIFMA requested that the SEC extend the comment period for proposed rule changes to various provisions covering affirmative defenses and disclosures related to insider trading.