Category: insider trading

A Litigation Release by the US Securities and Exchange Commission (SEC) shows that insider trading is not relegated to just senior executives and CEOs. Everyday people, including employees, commit illegal actions that necessarily have broader ethical considerations. Ethical considerations are even less clear cut than the law, but just as critical to effective ethics and […]

On December 6, 2016, the US Supreme Court issued a unanimous opinion upholding a Ninth Circuit Court of Appeals ruling that the conviction of a grocer for insider trading based on a tip by a member of his extended family was proper. As we wrote in the “Update” section of a recent post, the Court […]

Between the Supreme Court’s recent decision not to grant certiorari to US v. Newman, and signals the Justices gave during oral arguments in Salman v. US, it is unclear whether anyone other than close relatives and friends will be liable for insider trading based on information obtained from a tip, and to what extent the […]