MINEFIELD: FBI agents are scouring Twitter and Facebook for tips on insider trading deals and potential securities fraud. - Reuters
NEW YORK: 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 US$2 trillion (RM6 trillion) hedge fund industry.
April Brooks, a special agent in charge of the New York field office of the Federal Bureau of Investigation, and David Chaves, a supervisory agent, said it is hard to predict the next wave of securities fraud, but they add that it will have a lot to do with advances in technology and social media.
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