More Spouses Accused of Insider Trading
The Securities and Exchange Commission has seen an uptick in insider trading cases involving spouses.
The agency has filed seven cases this year against married couples, compared to just one last year, the New York Times (reg. req.) reports. Some cases involve couples working together to profit from secret company information; others involve one spouse individually revealing or using inside information disclosed by the other.
“We know very well that insiders confide in their spouses fairly freely,” Georgetown law professor Donald Langevoort told the newspaper. “With the uptick in buyouts and other deals in the last couple of years, there’s a lot more to be talking about with your spouse than when deals were slower.”