The Justice Department’s arrest of a CEO on insider-trading charges illustrates how corporate crime enforcers are escalating their use of data to initiate market integrity investigations, the office’s leader says.
Criminal Fraud Section Chief Glenn Leon credits the indictment unsealed March 1 of Ontrak Inc.'s Terren Peizer to the department’s increasing reliance on analytics to uncover potential misconduct in the markets.
Peizer is the first corporate executive to be charged under a broader federal initiative targeting C-Suite officials who’ve allegedly gamed their prearranged stock-sale plans.
While the data focus remains a work in progress, the Peizer case demonstrates what Leon ...
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