SEC to investigate leaks to investors of medical research results News
SEC to investigate leaks to investors of medical research results

[JURIST] The US Securities and Exchange Commission [official website] is examining whether investors paid researchers to reveal information about ongoing drug studies in order to profit from the results before they were available to the public. Earlier this month, The Seattle Times [newspaper website] said it found 26 cases [ST report] in which medical researchers "leaked confidential and critical details" to brokerage firms and hedge funds for profit. "The latest revelations have been added to the ongoing review of possible insider trading involving potential blockbuster drugs in advance of FDA decisions," an SEC official said. The FDA will assist the SEC in its investigation under an interagency cooperation agreement. Reuters has more.

THIS DAY @ LAW

President Harding signed "anti-beer bill"

On November 23, 1921, President Warren G. Harding signed the Willis-Campbell Act, popularly termed the "anti-beer bill," prohibiting doctors from prescribing beer or liquor for medicinal purposes.

Convention on Cybercrimes opens for signature

On November 23, 2001, the Convention on Cybercrime was opened for signature in Budapest, Hungary, before entering into force on July 1, 2004. The Convention seeks to coordinate the Internet laws of signatory states and promote international enforcement of cybercrime laws. Learn more about the Convention on Cybercrime from the Council of Europe.