You likely have heard of the term, “Insider Trading” before, but do you know who might be an insider and how someone can be charged with a crime? Insider trading has been a hot-button issue for years and is a perennial problem that occurs when greed meets opportunity and information is exploited for personal gain.Many of us have heard about high-profile business people and celebrities who have been on the wrong side of the law and have paid large penalties and even served time in prison. The reality is that illegal insider trading is not limited to the ultra-wealthy and it is committed on a regular basis by people in everyday jobs, who are looking to make some easy money on a tip they heard from a friend or colleague. Even members of the US Congress are under scrutiny for possible insider trading.In this episode, we discuss the history of insider trading, some high-profile insider traders who were jailed and fined, the relevant legislation and court cases, and the role of the SEC in enforcing the laws. We have two special guests who are experts in the securities law industry to unpack the issues related to insider trading. Rebecca Fike, is a partner at the law firm of Vinson & Elkins. She served as a former SEC enforcement attorney for 10 years. She is a frequent speaker and writer on SEC topics and regularly appears on panels at industry and legal conferences, webcasts and client events. Her practice includes representing public and private company clients in SEC matters.We are also joined by Dan Nathan, who is a seasoned securities attorney who has had a broad view of securities enforcement in his career. Dan served as an Assistant Director in the SEC’s Division of Enforcement, where one of his many accomplishments was overseeing the insider trading investigation that led to the landmark Supreme Court decision in U.S. vs O’Hagan. Dan also served as the Deputy Director of Enforcement at the Commodity Futures Trading Commission or CFTC, and as the Vice President and Director of Regional Enforcement at FINRA. He also represented individuals and companies involved in insider trading investigations in private practice.Along the way, we discuss the evolving history, lessons learned and highlight issues for investors to consider to stay fraud-free.***Host: Jim BarrattWebsite: Barratt Consulting GroupLinkedIn profile: Jim Barratt, CPA, CFF | LinkedIn***Special Guest: Rebecca FikesWebsite: Rebecca Fike | People | Vinson & Elkins LLPLinkedIn profile: Rebecca Fike | LinkedInSpecial Guest: Dan NathanLinkedIn profile: Daniel Nathan | LinkedIn***To learn more about Insider Trading:“The Den of Thieves”, book by James B. Stewart, 1992.“Wall Street”, movie by Oliver Stone, 1987.***Voiceovers by Cat Stratakis.