As the financial sector waits eagerly to see who will fill vacancies in the leadership of the SEC, the agency continues to take an aggressive stance against insider trading. The tough posture of the regulators is evident in a recent SEC complaint filed against a vice president and risk management officer at a leading investment bank who allegedly committed insider trading in complicity with his wife. The complaint details a number of flagrant violations of internal policy at the insider’s bank and of insider-trading law. To help fund managers understand the case and its significance, this article analyzes the complaint and furnishes insight from legal experts specializing in white-collar enforcement cases. For discussion of another recent insider trading case, see “Court to Rule on Novel Issue of Insider Trading Law in Case Against Leon Cooperman and Omega Advisors” (Mar. 30, 2017); and “Alleging Dozens of Violations, SEC Charges Leon Cooperman and Omega Advisors With Insider Trading and Failing to Make Regulatory Filings” (Sep. 29, 2016).