Social media has become a hotbed of securities fraud

Absrtact: The FBI's two top agents, social media, have become hotbeds of securities fraud, which is now looking for case clues through Twitter and Facebook. These two agents, respectively, are responsible for Epplebrouks of the FBI's New York field office (April

The Federal Bureau of Investigation (FBI) two senior agents, social media has become a hotbed of securities fraud, the agency is now through Twitter and Facebook to find case clues.

The two agents, Aipoure Brooks April Brooks, who are in charge of the FBI's New York field office, and surveillance agent David Chavis David Chaves, are responsible for a long-term investigation into the hedge fund insider trading case. They say it is hard to predict when the next round of securities fraud will take place, but they can do some work ahead of time in areas such as technology and social media.

"I can tell you that technology will be an important part of it, including social media and Twitter," Brooks said at the 2013 Reuters Investment Outlook Summit. For any new technology, or technologies that currently do not exist, these people will use them if they can. "More than 60 hedge fund traders, analysts and industry advisers have pleaded guilty to the insider trading of hedge funds, which Brooks and Chavez are responsible for."

In Tuesday, the US government filed a lawsuit against Mathes Martoma, an employee of Stephen Cohn of the hedge fund SAC Capital of Steven Cohen, that he was involved in a 276 million-dollar insider trading case. Mr Cohen's 14 billion dollar hedge fund is one of Wall Street's most successful and best-known funds. Cohen himself has not been prosecuted, but the indictment says he signed two deals in July 2008, before some insider information was disclosed.

Brooks and Chavez did not mention the progress of the SAC Capital case and declined to comment on the current investigation activity. "Some people believe insider trading is growing and peaking," says Chavez. But I don't think so. ”