• Home
  • About
  • ‘Enforcement 40’ for 2020
  • Webcasts
  • Enforcement Hall of Fame
  • Contact
Securities Docket
Ankura
  • Class Actions
  • Criminal
  • Events
  • Features
  • Global
  • People
  • SEC
Browse: Home / 2016 / January / 19 / Insider-Trading Clash Will Get Review From U.S. Supreme Court – Bloomberg Politics

Insider-Trading Clash Will Get Review From U.S. Supreme Court – Bloomberg Politics

By Securities Docket on January 19, 2016, 2:02 pm

The justices will hear an appeal from Bassam Salman, an Illinois man convicted of using information leaked by a onetime Citigroup Inc. investment banker. Salman says the judges in his case set the bar too low for prosecutions stemming from information passed by a corporate insider to a friend, relative or business associate.

The main issue is whether prosecutors must show that the insider received a concrete benefit in exchange for passing on the information. A San Francisco-based federal appeals court ruled in Salman’s case that wasn’t required, splitting with a New York-based panel that reached the opposite conclusion seven months earlier.

via Insider-Trading Clash Will Get Review From U.S. Supreme Court – Bloomberg Politics

Posted in Criminal, SEC, Top | Tagged Insider Trading

« Previous Next »

Subscribe

‘Enforcement 40’ for 2020

Ankura

Our Sponsors

Securities-Docket_260x125_14Sec Ankura 260x125

Join Us On LinkedIn

Join the Securities Litigation and Enforcement Group on LinkedIn

Archives

Copyright © 2023 Securities Docket.

  • Home
  • About
  • ‘Enforcement 40’ for 2020
  • Webcasts
  • Enforcement Hall of Fame
  • Contact
  • Criminal
  • Class Actions
  • Features
  • Global
  • People
  • SEC
  • Events