Are Argentina's Call For An Insider Trading Investigation Unfounded?

As Argentina’s Securities Commission, the equivalent of the US Securities and Exchange Commission, rushes forward on an investigation into if US holdout hedge funds have violated US insider trading laws, does their understanding of US regulatory jurisdictional law need an upgrade? (This article was updated 8/5/2014) Argentina’s Securities Commission requested for trade documentation Reuters is reporting that Alejandro Vanoli, the head of Argentina’s Securities Commission, has requested its “US counterpart” for trade documentation regarding Argentina’s sovereign debt and credit default swaps (CDS), derivative contracts potentially used by the holdouts to insure against default. The apparent goal of the investigation is to…