Case Study: Financial Services Corporation uncovers insider trading with Consilio's Riskcovery

Financial Services Corporation uncovers insider trading with Consilio in 4 weeks

The financial services corporation faced an internal investigation into potential insider trading but, despite a large team and traditional tools, found no evidence after reviewing over two million documents. Consilio was engaged and applied its Riskcovery AI-powered analytics platform to the same dataset.

Consilio's solution used a defined insider trading taxonomy to perform contextual analysis on the documents. This uncovered fewer than 75 previously missed items, including communications where traders used coded language about birthday parties to discuss trades. Once flagged, this allowed the corporation to confirm the insider trading and proactively self-report to authorities, avoiding litigation and regulatory penalties.