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Browse: Home / 2016 / December / 07 / Insiders ‘Back On The Hook’ After Top Court’s Trading Ruling | Big Law Business

Insiders ‘Back On The Hook’ After Top Court’s Trading Ruling | Big Law Business

By Securities Docket on December 7, 2016, 10:17 am

For two years, stock traders and the attorneys who represent them said insider-trading law was a muddle, with no one knowing exactly what was or wasn’t legal. On Tuesday, the U.S. Supreme Court said it had “easily” settled the question.

No one doubted that a trader who paid cash to an insider for privileged information faced prison. But what about the trader who got the tip from a friend or golfing buddy as a mere gift? Is it illegal to trade on that?

In a unanimous decision, the Supreme Court declared that it is. And that eliminated the confusion that had plagued insider-trading law since December 2014, when a New York-based appeals court made it harder for prosecutors to bring such cases.

via Insiders ‘Back On The Hook’ After Top Court’s Trading Ruling | Big Law Business

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Posted in Criminal, SEC, Top | Tagged Insider Trading, Salman

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