Friday, August 24, 2007
The New York Times reports on a phenomenon this Blog has pointed out previously -- the number of recent SEC enforcement actions against husband and wife couples involving inside trading. The SEC says it has brought seven this year, compared with one last year. Some of the cases involve the couple working together; others involve misappropriation of confidential information by one spouse. Reasons probably include the increased number of opportunities during the buyout era, two-income couples, and the natural tendency of people to talk with their spouses. NYTimes, Rise in Insider-Trading Cases Shows the Perils of Pillow Talk.