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Saying that court rulings had led to inconsistent legal standards, U.S. Senators Jack Reed and Robert Menendez introduced a bill on Wednesday that would broadly bar people from buying or selling securities based on material non-public information. via Two Senate Democrats push insider trading bill after court ruling | Reuters
When we last checked in on the Brazilian insider trading case against former billionaire Eike Batista, the case was in “turmoil” after the judge was seen driving Batista’s seized white Porsche Cayenne. So how is it going lately in this landmark case? Surely nothing else bizarre has happened, right? Ha! via Brazil’s Landmark Insider Trading […]
Get caught up with the Securities Docket News Wire for March 10, 2015.