THE financial markets watchdog had opened 10 new investigations in the past three months into suspicious share dealings on the JSE, according to the Insider Trading Directorate. But it has not brought any fresh legal action against individuals for the exploitation of privileged information to profit from share trading, according to a statement from its fifth boarding meeting. Seven cases had been closed due to a lack of evidence since the directorate’s last meeting in October. Thirty-four investigations remain ongoing. The watchdog was set up a year ago and armed with greater legal powers than its predecessor in an attempt to rid South African financial markets of a damaging reputation for insider trading earned during the years of apartheid isolation.