An SEC aide predicted 5 more insider cases soon.
Gary Lynch, director of enforcement for the Securities and Exchange Commission, spoke at the American Bar Assn.’s annual meeting and said he expects the pending insider trading cases to be filed by Sept. 30. Some of them involve information obtained from the Swiss government, he added, saying the information was gathered under the 1982 agreement that allows the United States to penetrate Swiss privacy laws under certain conditions. Last week, the SEC filed its first civil charges using information obtained under the agreement.
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