The Securities and Exchange Commission suffered a setback earlier this month when the criminal insider trading conviction of two former hedge fund managers was overturned. Susan Antilla, founding fellow of TheStreet Foundation, explains why this is so detrimental for the SEC, a civil agency. Antilla explains that as the SEC makes a big fuss about its insider trading cases, it raises the question over whether regulators are going too far with these types of cases. Plus, Antilla says the outcome may force the SEC to withdraw its own parallel civil case. Antilla reveals that she found that the SEC, despite the fact that it’s been touting a record year for enforcement cases and going after individuals, is still going after the little guys and big bank CEOs continue to dodge bullets.
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