Recently, the Department of Justice and the Federal Bureau of Investigation indicated that they are working on enough insider trading cases regarding the hedge fund industry to take them five years or more to complete. This clearly indicates that the DOJ and FBI are going to continue to find insider trading actions with hedge funds. This appears to be a “growth industry” for lawyers.
Additionally, although the DOJ has recently been the subject of much criticism because certain FCPA cases have collapsed, it has indicated that it will vigorously continue to prosecute FCPA actions. The DOJ believes that this is part of a broader issue requiring enforcement.
Thus, there is no relief for the weary on the horizon.