The Law on Insider Trading Lacks Needed Definition
13 Pages Posted: 20 May 2015
Date Written: May 18, 2015
Abstract
Insider trading is not defined in the federal securities laws but is interpreted by the courts as a common law crime. This article argues that a statutory definition is needed, particularly in light of a recent Second Circuit case that narrows the breadth of cases recently prosecuted by the Securities and Exchange Commission and Department of Justice.
Keywords: insider trading, criminal prosecutions
Suggested Citation: Suggested Citation
Karmel, Roberta S., The Law on Insider Trading Lacks Needed Definition (May 18, 2015). Southern Methodist University Law Review, Forthcoming, Brooklyn Law School, Legal Studies Paper No. 413, Available at SSRN: https://ssrn.com/abstract=2607693
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