SEC guidelines on insider trading cases under fire

The Securities and Exchange Commission pushed the boundaries over insider trading, say Wall Street lawyers; now a court has pushed back

insider-trading

New York's federal appeals court has reined in the US government over its insider trading prosecutions, causing a number of hedge fund traders to come forward asking federal courts to throw out convictions for insider trading.

Traders at SAC Capital and Galleon Group have appealed to the Second Circuit court of appeals in Manhattan to overturn their jail sentences and multi-million dollar fines, while the Securities and Exchange Commission (SEC) has asked the appeals court to reconsider.

The

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here