RESEARCH
& INSIGHTS.

Latest developments in insider trading detection, regulatory enforcement, and AI-powered market surveillance.

PUBLISHED
07
19 / 2023

Overwhelming Majority Favor Ban on Congressional Stock Trading

A July 2023 survey by the University of Maryland's Program for Public Consultation found that 86% of Americans support prohibiting individual stock trades by members of Congress. Responses were similarly high (over 80%) across party lines for banning trades by the President, Vice...

KEY INSIGHT
Survey shows 86% of Americans favor banning stock trades by Congress members
ANALYSIS
3 Key Points
PUBLISHED
03
10 / 2024

Regulators Harness AI to Detect Insider Trading

A 2024 law firm analysis notes that regulators have increasingly turned to artificial intelligence and data analytics to detect financial misconduct. The SEC has long used data tools to identify insider trading, leveraging programs like its earnings-per-share analytics initiative...

KEY INSIGHT
SEC uses AI-driven data analytics programs to uncover potential insider trading and accounting fraud
ANALYSIS
3 Key Points
PUBLISHED
09
10 / 2025

London Stock Exchange Leverages AI for Market Surveillance

On September 10, 2025, London Stock Exchange Group (LSEG) announced an AI-powered surveillance system built on Amazon's Bedrock cloud platform. The system uses generative AI (Anthropic's Claude model) to analyze news from the Exchange's Regulatory News Service and predict whether...

KEY INSIGHT
LSEG partnered with AWS to develop an AI surveillance tool using Amazon Bedrock and Anthropic's Claude model
ANALYSIS
3 Key Points
PUBLISHED
10
27 / 2025

SEC Charges Former Trader in Insider Short-Selling Scheme

In October 2025 the SEC charged Ryan Squillante, a former head trader at an investment firm, with insider trading. The complaint alleges he learned of planned secondary stock offerings (material non-public information, or MNPI) and shorted the stocks of at least 10 public compani...

KEY INSIGHT
SEC alleged Squillante used MNPI about secondary offerings to trade ahead of public releases, earning ~$217K illegally
ANALYSIS
3 Key Points
PUBLISHED
08
04 / 2025

SEC Intensifies Insider Trading Crackdown Under New Administration

A report from August 2025 indicates the SEC has maintained an aggressive insider trading enforcement agenda despite an administration change. In FY2024 the SEC secured a record $8.2 billion in penalties across all cases, many high-profile, and in early FY2025 pursued even more en...

KEY INSIGHT
SEC reported a record-breaking FY2024 ($8.2B in penalties) and opened a record number of enforcement cases in Q1 FY2025
ANALYSIS
3 Key Points
PUBLISHED
06
30 / 2025

Machine Learning Algorithms Improve Detection of Insider Trades

Academic research published in 2025 shows machine learning (ML) dramatically enhances insider trading prediction. One study found ML techniques (like random forests and gradient boosting) boosted the explanatory power of insider trading models by 150% compared to traditional line...

KEY INSIGHT
Machine learning models (LASSO, Random Forest, XGBoost) outperformed traditional regression in predicting insider selling
ANALYSIS
3 Key Points
PUBLISHED
04
30 / 2025

'Placebo Effect' of Insider Trading Laws Leaves Loophole, Research Warns

A recent working paper argues that focusing enforcement only on obvious insider trades can create a "placebo effect" for investors. The authors describe how regulators aggressively police insiders trading their own firm's stock (traditional insider trading), but often overlook "s...

KEY INSIGHT
Study finds that trading by insiders in external companies (shadow trading) goes largely unpunished, unlike traditional insider trades
ANALYSIS
3 Key Points
PUBLISHED
05
12 / 2025

STOCK Act Curbs Insight, Study Finds (Insider Trading Reform Has Side Effects)

Research examining the 2012 STOCK Act revealed unintended impacts on market transparency. By barring executive-branch officials from insider trading, the Act aimed to prevent misuse of policy insights. The study found that firms with big government contracts responded by reducing...

KEY INSIGHT
Analysis shows politically connected firms cut back on disclosures after the STOCK Act, reducing transparency
ANALYSIS
3 Key Points
PUBLISHED
05
20 / 2025

News of Lawmakers' Stock Trades Erodes Trust, UCSD Study Shows

A May 2025 University of California San Diego study found that exposure to reports of congressional stock trading sharply undercuts public trust. Study participants shown actual news of Congress members' profitable trades viewed the institution as more corrupt and felt less incli...

KEY INSIGHT
Participants exposed to news of Congress members' stock gains judged Congress far less legitimate and honest
ANALYSIS
3 Key Points
PUBLISHED
09
29 / 2025

SEC Pursues Insider Trading in Pharma Merger and Food Industry Deals

In late 2025 the SEC stepped up enforcement on insider trading related to corporate transactions. On August 22, 2025, the Commission filed charges against five individuals for tipping and trading in advance of Chinook Therapeutics' acquisition by a pharmaceutical firm. A company ...

KEY INSIGHT
SEC complaint targets Chinook Therapeutics board member and associates for insider trading tied to a pharmaceutical acquisition
ANALYSIS
3 Key Points
PUBLISHED
11
30 / 2025

SpyStream OS: The First OBS Copilot for Total Situational Awareness

SpyStream Inc. has launched SpyStream OS v2.0.4, a military-grade computer vision tool designed for streamers who demand absolute control. The platform transforms passive streaming into active surveillance, utilizing YOLOv8-powered object detection, real-time gaze tracking heatma...

KEY INSIGHT
SpyStream OS integrates military-grade computer vision directly into OBS for real-time audience analysis
ANALYSIS
3 Key Points

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