[leroy_masochist]

The surveillance system described does absolutely nothing to counter the most common workflow of MNPI-driven insider trading conducted by investment banking employees, e.g.:

- Investment banker is working on a deal to sell CorpCo to BuyCo at a price of $30/share. CorpCo is currently trading at $20/share

- Investment banker tells his college buddy about the deal, whether because he wants a cut of the insider trading profits or because he's just trying to throw him a bone

- College buddy gets someone he thinks he can't be linked to - e.g., his bookie's brother-in-law - to buy a lot of out-of-the-money call options on CorpCo on his behalf

- The deal closes and the call options return a ton of cash

- The SEC catches and prosecutes everyone involved because the random purchase of out-of-the-money call options was a huge red flag

None of this is addressed by invasive software that constantly takes audio and video of you when you are working.

Also, I'm pretty sure that the Pentagon does not have a keylogging / face tracking program similar to the one described.

[abduhl]

Invasive security measures that constantly take audio and video of you when you are working absolutely helps address the “Investment banker tells his college buddy about the deal” step.

Investment banker cannot tell his college buddy about the deal around work hardware. Anybody that does gets caught. This will result in catching the dumbest criminals, but it absolutely counters one of the steps in your “most common workflow.”

I don’t agree with this level of surveillance, but let’s not act like invading someone’s privacy isn’t effective at preventing/prosecuting crime.

[leroy_masochist]

> Invasive security measures that constantly take audio and video of you when you are working absolutely helps address the “Investment banker tells his college buddy about the deal” step.

Literally nobody who is thinking about maybe doing some insider trading is having out-loud conversations about it while at the office. I see your point in theory, but it's a pretty ridiculous edge case.

[A4ET8a8uTh0]

You might be missing the point the parent is making. The point is not to address the problem, but to appease the regulator by having a tool that makes it reasonable to argue that you are compliant with regulations. FWIW, SEC did issue some fines, one could argue it is a reaction to it to some extent.

[urthor]

The financial fraudsters who don't get caught use high correlated, non-linked financial securities.

Almost all financial engineering these days is essentially statistics, direct cause and effect relationships are essentially arbitraged to death.

> Also, I'm pretty sure that the Pentagon does not have a keylogging / face tracking program similar to the one described.

In all honesty, I'm genuinely worried about that. Some things should just be keylogged.

[zamnos]

What the Pentagon does have, however, is metal detectors and enforced no-cellphone zones, along with multiple computer networks, and only one is connected to the Internet, the other is air-gapped and Intentionally not connected to it.

[urthor]

Air gaps are the smart way yep.