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
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Enforcement Actions ,
Hedge Funds ,
Illegal Tipping ,
Insider Trading ,
Judge Rakoff ,
Material Nonpublic Information ,
Personal Benefit ,
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Securities and Exchange Commission (SEC) ,
US v Newman
The SEC signals continued scrutiny of asset management firms for all manner of violations — including technical violations first identified in exams.
On February 26, Julie Riewe, the Co-Chief of the SEC’s Asset...more