Cooperation Pays in Insider Trading Enforcement and Sentencing

In This Issue:

- Overview

- Insider Trading Law

- Insider Trading Penalties

- Cooperating with the Government

- Cooperating with the Department of Justice

- Cooperating with the Securities and Exchange Commission

- Conclusion

-Excerpt from Insider Trading Law:

“Insider trading” is an ambiguous term that includes both legal and illegal trading by insiders. Legal “insider trading” occurs when a corporate insider buys or sells stock in his or her own company and discloses the transactions to the SEC on Forms 3, 4, and 5. Legal insider trading might also include, for example, trading on information overheard between strangers sitting on a train or on information obtained through a non-confidential business relationship.

Originally published in ACC QuickCounsel on May 15, 2014.

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Topics:  Compliance, Criminal Prosecution, DOJ, Enforcement, Enforcement Actions, Insider Trading, Personal Liability, SEC, Sentencing

Published In: Business Torts Updates, Civil Procedure Updates, General Business Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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