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The SEC brings the first Shadow Insider Trading case to court.

And the U.S. Treasury Department is planning to extend anti-money laundering rules to private equity.

It's the fruit of a lot of pressure

by certain members of Congress who've been asking for this

for many years, as well as financial reform groups

that have said this is just a glaring hole in the anti-money laundering

controls for a really long time. Plus E-SPN, Warner, and Fox are being sued

over their planned sports streaming platform. It's Tuesday February 20th.. I'm Anne Marie Fertulli for the

Wall Street Journal. This is the PM edition of What's News, the top headlines and

business stories that moved the world today. There's a new test of the Securities and Exchange Commission's insider trading law.

The first case involving what defense lawyers call Shadow

insider trading goes to trial next month. A brief summary, biotech executive Matthew

...