The FBI sees social media as a potential breeding ground for
securities fraud, and has agents scouring Twitter and Facebook for tips,
according to two top agents overseeing a long-running investigation into
insider trading in the $2 trillion hedge fund industry, Reuters reports.
April Brooks, a special agent in charge of the New York
field office of the Federal Bureau of Investigation, and David Chaves, a
supervisory agent, said it is hard to predict the next wave of securities
fraud, but they add that it will have a lot to do with advances in technology
and social media…..Brooks and Chaves oversee what the FBI calls "Operation
Perfect Hedge," which has led to more than 60 convictions of hedge fund
traders, analysts and industry consultants…..
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