Philip Moustakis Quoted in Regulatory Compliance Watch Article Titled, “Insider Trading Case Casts Long ‘Shadow’”

April 29, 2024

Government Enforcement & Internal Investigations partner Philip Moustakis was quoted in a Regulatory Compliance Watch article titled, “Insider Trading Case Casts Long ‘Shadow.’”

The article focuses on the Securities and Exchange Commission’s (SEC) first-of-its-kind “shadow trading” case that changes private equity managers’ risk calculus, according to experts.

“All of the years of training, and all of the years of inculcation of our employees has been premised on the idea that if you receive MNPI from company A, you can’t trade in the securities of company A,” Philip stated on the matter. “Now we need to train our people to be think more broadly about it.”

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