US and UK insider trading regulators diverge
Courts have reined in the SEC's crusade against insider trading, while the FCA criticises investors' bad practices
When it comes to prosecuting insider trading, there is a clear gulf between the US and the UK: while US regulators are zealous in bringing down miscreant hedge fund traders, the UK’s Financial Conduct Authority (FCA) is rarely successful in its prosecutions.
That may be about to change. New York’s federal appeals court has reined in the Securities and Exchange Commission (SEC) over its insider trading prosecutions, causing a number of Wall Street individuals guilty of insider trading to come
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