The court’s Martoma decision reinvigorates the US government’s ability to prosecute insider trading cases.
Key Points:
- The majority opinion overrules recent case law requiring that an insider have a meaningfully close...more
9/6/2017
/ Confidential Information ,
Corporate Counsel ,
Dirks v SEC ,
Gifts ,
Insider Trading ,
Martoma ,
Personal Benefit ,
Securities Violations ,
Tippers ,
US v Newman ,
US v Salman
Salman reaffirms Dirks and holds that a “gift” of inside information to a trading relative or friend continues to meet the personal-benefit requirement.
The Salman Prosecution -
In 2011, Bassam Yacoub Salman was...more
Senior SEC enforcement staff “Speaks” to the division’s performance in 2015 and identifies priorities for 2016.
Senior members of the Enforcement Division of the US Securities and Exchange Commission (SEC) gathered on...more
The Ninth Circuit’s recent decision calls into question the Second Circuit’s definition of “personal benefit” for insider trading liability in criminal prosecutions.
On July 6, 2015, United States District Court Judge...more
7/13/2015
/ Broker-Dealer ,
Enforcement Actions ,
Hedge Funds ,
Illegal Tipping ,
Insider Trading ,
Judge Rakoff ,
Material Nonpublic Information ,
Personal Benefit ,
Popular ,
Securities and Exchange Commission (SEC) ,
US v Newman