Trading on 3Com stock options soared just hours before a Hewlett-Packard takeover bid and now the Securities and Exchange Commission is looking to see if it was a case of insider trading. Law Professor Elizabeth Nowicki, a former SEC attorney, says the best way to catch SEC suspicion is to place trades for calls immediately before a major announcement.
“In these difficult economic times, it is imperative for the SEC to convey the message to investors that unfair trading – insider trading – will be quickly punished. The worst thing for this economy would be for investors to lose their faith that the stock markets and stock trading is essentially fair.”
Contact Elizabeth Nowicki, 617-353-2807, firstname.lastname@example.org