Bohemia, NY (PRWEB) December 25, 2012
On December 25, the digital marketing company fishbat issued a reaction to a Reuters article regarding the FBIs use of social media to investigate insider trading.
According to the article from Reuters, 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.
The article states that while it is hard to predict the next wave of securities fraud, the FBI believes it will have a lot to do with the advances in technology, namely social media. I will tell you technology will play a huge part, social media, Twitter. Any kind of technology that is new and doesn’t exist today, if there is any way to exploit it, these individuals will exploit it, said April Brooks, a special agent from the New York FBI office.
The article went on to say that a former employee of SAC Capitol, Mathew Martoma, was recently charged by the government in a $ 276 million insider trading scheme. According to prosecutors, it was the most lucrative insider trading scheme ever.
As investors are increasingly using Twitter, Facebook and other social media platforms, the FBI believes that social media will be a useful tool to catch those guilty of insider trading and other white-collar crimes.
Web marketing agency fishbat responds to the article, stating that theyre glad the FBI is keeping up with the advances in technology. Social media is now a huge part of the professional world, and it can be beneficial in stopping criminals and frauds within the professional world, said Clay Darrohn, fishbat CEO. Hopefully the FBI can find a successful way to stay one step ahead of criminals through social media.
fishbat, Inc. is a full service online marketing firm. Through social media management, search engine optimization (SEO), web design, and public relations, fishbat strives as a marketing firm to raise awareness about your brand and strengthen your corporate image.