Supreme Court Asks Second Circuit to Reconsider Ruling in Insider Trading Prosecution
By EsqSocial Corporation 13/01/21
Last year, we reviewed the Second Circuit decision in United States v. Blaszczak, which made it easier to prosecute trading on inside information. A divided panel of the Second Circuit Court of Appeals declined to extend the Securities Exchange Act of 1934, Section 10(b) and SEC Rule 10b-5’s (referred to herein as Title 15) personal benefit requirement to insider trading prosecutions under Title 18....
By: Polsinelli