The SEC has announced that insider trading will be a focus area for SEC exams in 2007. Look for SEC examiners to focus on how advisers receive investment information, advisers’ affiliations and contacts in the industry, and how advisers test for trading patterns based upon non-public information. This web cast will:

• Discuss what may be viewed as “non-public” information
• Review common ways in which advisers receive non-public information
• Provide guidance on developing effective information barriers
• Discuss ways to test for trading on non-public information