U.S. regulators are increasingly looking beyond stocks in their insider trading investigations to examine derivatives and credit default swaps, a top Securities and Exchange Commission official said. “Insider trading can take place in several different venues,” Scott Friestad, SEC associate director of enforcement, said in an interview. “In many of these investigations, we are looking at trading across markets whether it involves options, the underlying common stock, or nontraditional securities like credit default swaps.”
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