EXTRACT: The two groups are keen to build on their joint investigation into Shell in 2004, which led each to fine the oil company for dramatically overstating its hydrocarbon reserves.
June 26, 2007
Tom Bawden in Washington
Financial regulators on both sides of the Atlantic plan to collaborate more closely to create a united front against insider trading, as the growth of cross-border deals and innovations in technology transform corporate fraud into a global business.
Linda Thomsen, head of enforcement at the US Securities and Exchange Commission (SEC), told The Times that she was concerned by the growing confluence of hedge funds, private equity firms and investment banks as mergers and acquisitions became increasingly complex international transactions involving multiple parties.