Pravin Rao Quoted on Prevention of Employee Insider Trading

Pravin Rao was extensively quoted in a recent Law360 article on the steps companies can take to prevent employees from unlawfully sharing insider information. As shown in a recent SEC case of insider trading tied to credit default swaps, regulators are now on the lookout for insider trading in such non traditional areas. Vigilance is critical, said Rao, to prevent this kind of illegal activity among employees, "You may have all the policies in the world, but that company has to monitor what that person in the lending department and the person in the credit department are doing."