FBI Searches Social Media for Insider Trading

The FBI launched Perfect Hedge Investigations, an effort to root out insider trading that includes monitoring of social networks.

The emphasis on social media and online communications platforms like Skype accents how complex law enforcement is becoming in the connected era: a simple phone tap or document subpoena is no longer enough to catch Gordon Gecko-like figures in an age where people have dozens of options for sending information to associates.

And, speaking of Gecko, who famously declared “Greed…is good” in the film “Wall Street,” the actor who portrayed him is now playing a role in the effort to crack down on insider traders. The FBI is using¬†a public service announcement¬†where Michael Douglas urges viewers to report suspected insider trading.