In the wake of a major global insider trading settlement that resulted from cooperation between U.S. and Hong Kong investigators, a top U.S. enforcer wondered whether such international comity will become a rarity as foreign governments expand their presence in the investment world. The SEC's chief of enforcement expressed concern Thursday that countries with sovereign wealth funds will be reluctant to work with the U.S. on future insider trading investigations.
Insider Trading Issues Prompt Concern Over Sovereign Wealth Funds
February 11, 2008
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