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United States Attorney's Office District of Connecticut
Press Release

May 17, 2011

U.S. ATTORNEY’S OFFICE, FBI AND
SEC OFFICIALS SPEAK AT INSIDER TRADING SEMINAR

As part of the Connecticut Securities, Commodities and Investor Fraud Task Force’s continuing outreach in the area of financial fraud prevention and education, U.S. Attorney David B. Fein today delivered the keynote address to members of the Managed Fund Association and the Connecticut Hedge Fund Association at an educational seminar focusing on insider trading.  The seminar was held this morning at the Hyatt Regency Greenwich in Greenwich, Connecticut.

Following the keynote address, attendees heard a panel discussion featuring Deidre M. Daly, Deputy U.S. Attorney for the District of Connecticut, Eric Glover, Chief of the Financial Fraud Unit for the Connecticut U.S. Attorney’s Office, Dan Hawke, Chief of the Market Abuse Unit in the Division of Enforcement for the U.S. Securities and Exchange Commission, and Aaron Seres, Chief of the FBI’s Economic Crimes Unit in Washington, D.C.  Panel participants addressed topics such as mosaic theory and expert networks, and discussed hypothetical scenarios faced by general counsel and compliance officers at trading firms.

In his remarks, U.S. Attorney Fein spoke about corporate responsibility and the reasons why it is an organization’s best interests to make timely, voluntary disclosure following discovery of misconduct.  He called upon the general counsel and compliance officers “to serve as industry leaders and set a standard of integrity and responsibility.”

In December 2010, the U.S. Attorney’s Office and several law enforcement and regulatory partners announced the formation of the Connecticut Securities, Commodities and Investor Fraud Task Force, which is investigating matters relating to insider trading, market manipulation, Ponzi schemes, investor fraud, financial statement fraud, violations of the Foreign Corrupt Practices Act, and embezzlement.  The Task Force includes representatives from the U.S. Attorney’s Office; Federal Bureau of Investigation; Internal Revenue Service – Criminal Investigation; U.S. Secret Service; U.S. Postal Inspection Service; U.S. Department of Justice’s Criminal Division, Fraud Section and Antitrust Division; U.S. Securities and Exchange Commission (SEC); U.S. Commodity Futures Trading Commission (CFTC); Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP); Office of the Chief State’s Attorney; State of Connecticut Department of Banking; Greenwich Police Department and Stamford Police Department.

Citizens are encouraged to report any financial fraud schemes by calling, toll free, 855-236-9740, or by sending an email to ctsecuritiesfraud@ic.fbi.gov.

 

CONTACT:

 

U.S. ATTORNEY'S OFFICE
Tom Carson
(203) 821-3722
thomas.carson@usdoj.gov

 

 

 

 

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