The new rule will enable the SEC to promptly and efficiently identify significant market participants and collect data on their trading activity so that the regulator can reconstruct market events and conduct investigations.
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Investigations after the 1929 stock market crash revealed widespread conflicts of interest and outright fraud in the activities of financial firms leading up to the Great Crash.
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It was created in 2003, after investigations into the causes of the 2000 stock market bubble and subsequent severe 2000-2002 bear market.
This regulation has as its priority the prevention, deterrence, and detection of market abuse and to develop useable evidence for use in investigations and prosecutions.
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Investigations, constraints on how you can leverage that market power and so on come into play.
It was the first case brought by a new investigations team created by the SEC to examine the securitization market, which lies at the heart of the financial crisis.
It is the first case brought by a new investigations team created by the SEC to examine the securitization market, which lies at the heart of the financial crisis.
On the cost side, active defense services are not inexpensive and may be hard to justify, especially if the actions taken result in criminal investigations, lawsuits, or drops in stock price or market share.
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The problem with these investigations is not simply that the FTC so often gravitates toward market definitions that are unduly narrow, making it easier to establish antitrust injury while failing to capture market realities.
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There have been two big investigations since then, one involving hedge funds being allowed to market-time trades in mutual fund shares, and the other involving insider trading in PIPEs, or public investments in private equity.
When questioned about the SEC's knowledge of market manipulation, Cox told the panel he wasn't at liberty to discuss any pending SEC investigations.
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