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Browse: Home / 2020 / April / 28 / Ex-Apple Lawyer Gene Levoff Blasts Insider-Trading Charges – Bloomberg

Ex-Apple Lawyer Gene Levoff Blasts Insider-Trading Charges – Bloomberg

By Securities Docket on April 28, 2020, 8:05 am

“The definition of insider trading is wholly judge-made: Every element of the crime and the scope of regulated individuals subject to it was divined by judges, not elected legislators,” Levoff’s lawyer Kevin Marino said in a filing. “This alone renders the criminal prosecution of insider trading unconstitutional.”

Courts for years have upheld criminal indictments in insider-trading cases brought by prosecutors. But Marino argued that despite numerous opportunities to examine the constitutionality of a federal common law of insider trading, courts have refused to do so.

via Ex-Apple Lawyer Gene Levoff Blasts Insider-Trading Charges – Bloomberg.

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