Criminal
Jul. 24, 2014
Limiting the definition of 'insider trading'
To prevent unjust results in criminal insider trading cases the government should be required to prove that the defendant knew the tippee received a personal benefit for the inside information. By Christopher Morales
In a closely watched insider trading case originating in the Southern District of New York, United States v. Newman, 13-1917-CR, the 2nd U.S. Circuit Court of Appeals will decide whether the trial judge erred by failing to instruct the jury to only find the defendants guilty if they knew that the tipper - the person who provided them the nonpublic information used in connection with a trade - received a personal benefit for divulging in...
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