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[Music] this is Bloomberg law with June Gro from Bloomberg Radio the weed of crime Bears bitter fruit I dont like this this stinks did you think youd get away with it come on [Laughter] doke did you think I wouldnt [Music] know but the shadow knows perhaps thats why a novel theory of the SEC is being called Shadow trading a corporate Insider may think he got away with it after all the trade was in the stock of a rival company but it seems like the SEC is trying to show that like the shadow it sees all just ask former medivation executive Matthew panat a jury convicted him in the regulators first enforcement action targeting so-call shadow trading on Friday in California joining me is Securities Law expert James Park a professor at UCLA law school Jim this case has been called groundbreaking do you think its groundbreaking and if so why it is in some ways but in other ways I think its a standard case the reason why its unusual is I believe its the first time the FDC has brought