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Every board now knows its company will fall victim to a cyber-attack, and even worse, that the board will need to clean up the mess and superintend the fallout…. So what is the role of a board of directors amid all of this complex and bet-the-company workflow? Corporate directors clearly have a fiduciary duty to […]
Get caught up with the Securities Docket News Wire for March 16, 2015.
Two bills would broaden the law to prohibit almost any trading on confidential information. The problem is that the proposed changes could make it even harder to recognize the line between permissible and illegal trades. Court Strikes on Insider Trading, and Congress Lobs Back – NYTimes.com
Calling it the worst case of insider trading brought before an Australian court, a judge on Tuesday sentenced a former government statistician and an employee of one of the nation’s biggest banks to multiyear prison terms for profiting from economic data shared illegally before its scheduled release. via Two Sentenced in Australia Insider-Trading Case – […]