BUSINESS BRIEFING / REGULATION
TIMES WIRE SERVICES
The Securities and Exchange Commission moved to force its employees to seek approval before buying and selling shares, adopting a policy after prosecutors began an investigation into trading by two agency lawyers.
Employees would need “pre-clearance of all trades” and be barred from trading securities of companies being investigated by the agency, the regulator said. The SEC said it was hiring an outside firm to develop a computer compliance system.
