The SEC brought insider trading charges against seven individuals who allegedly created millions of dollars in profits by trading on confidential information about impending mergers and acquisitions. The SEC's enforcement staff uncovered the illicit trading using data analysis, despite the traders' alleged use of shell companies, code words and an encrypted, self-destructing messaging application to evade detection. The U.S. Attorney's Office for the Southern District of New York also unsealed criminal charges against the individuals in a parallel action.
Link To Article

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.