Insider trading surveillance
Insider trading surveillance in the Technology, AI and Competition sector sits under active scrutiny from the U.S. Securities and Exchange Commission, which has expanded its use of data analytics to flag abnormal trading patterns around M&A events, product announcements, and algorithmic disclosures. The Financial Industry Regulatory Authority runs parallel surveillance programs targeting broker-dealer activity in tech-adjacent securities, and firms operating across borders are also contending with the European Securities and Markets Authority's MAR enforcement posture on material non-public information tied to AI partnerships and chip supply agreements. Compliance teams are not waiting: many are stress-testing their MNPI walls against the SEC's 2023 cyber disclosure rules, which created new surface area for insider trading exposure the moment a breach becomes known internally.
Watch
- SEC Rule 10b5-1 plan amendments: updated cooling-off periods now apply to tech executives
- ESMA MAR enforcement actions involving AI-sector M&A: watch for cross-border referrals
- FINRA's 2024 trading surveillance priorities include options activity before earnings in semiconductor and AI names
- Whether the SEC brings first enforcement action citing cyber disclosure rule as MNPI trigger
Recent material activity in Technology, AI & Competition
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NIST releases updated AI Risk Management Framework companion guide for critical infrastructure
NIST published AI RMF 1.1 companion guidance specifically addressing AI deployment in critical infrastructure sectors including energy, financial services, and healthcare. The guide introduces mandatory risk assessment c…
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