Derivatives cases a new test for securities regulators

“As the S.E.C. gains greater regulatory authority over derivatives, it remains to be seen whether the tried-and-true theories of securities fraud can be transferred to markets where the exchange of information is much more common and the traders are a great deal more sophisticated,” says Peter J. Hennings in the New York Times after federal judges delivered setbacks to the prosecutors in two fraud cases arising from the financial meltdown.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>