doughishere Posted November 12, 2015 Share Posted November 12, 2015 Justices Aren't Interested in Insider Trading Case Via Matt Levine http://www.bloombergview.com/articles/2015-10-05/justices-aren-t-interested-in-insider-trading-case Link to comment Share on other sites More sharing options...
doughishere Posted November 12, 2015 Author Share Posted November 12, 2015 Ok my title was a very poor choice of words...sorry Link to comment Share on other sites More sharing options...
doughishere Posted November 12, 2015 Author Share Posted November 12, 2015 makes it hard for prosecutors to go after unfair use of information by professional investors. Newman, after all, didn't involve relatives, buddies or cronies. It involved hedge fund managers using information that they got from their analysts, who got it from other analysts, who got it from company employees with whom they had more or less professional relationships. The prosecutors' theory in Newman was that, if you are a professional investor, and you have really good nonpublic information about a company's finances, then that alone means that you are guilty of a crime. If you have good information, and no one else has it, then trading on it is a crime, even if you have no idea where it comes from. Link to comment Share on other sites More sharing options...
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