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SEC "speed trap" for insider trading

Adam Pritchard"It's easy for them to bring these cases. It doesn't require a lot of effort if they've got some program that identifies late filers. This is a speed trap."

Adam C. Pritchard, Frances and George Skestos Professor of Law, in a Wall Street Journal article, discussing the Securities and Exchange Commission's revelation that it uses algorithms to identify insiders who allegedly repeatedly break rules on disclosing stockholdings and trades.