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Democratic Senator Mark Warner this week asked the US Securities and Exchange Commission to investigate whether Yahoo and its senior executives properly disclosed the attack, which Yahoo blamed on Sept 22 on a “state-sponsored actor.” The Yahoo hack could become a test case of the SEC’s guidelines, said Jacob Olcott, former Senate Commerce Committee counsel […]
If the provider of insider information doesn’t benefit, did an insider trading violation occur? The question has split federal appeals courts and is now headed to the U.S. Supreme Court, which will hear oral arguments in Salman v. United States on Oct. 5. via Supreme Court prepares to answer question for DOJ: What is insider trading? | TheHill