SEC's White Says Agency Mulled Insider Trading Ban
Law360, New York (March 24, 2015, 6:58 PM EDT) -- U.S. Securities and Exchange Commission Chairwoman Mary Jo White said Tuesday that the agency has considered whether it should write a rule to explicitly ban insider trading, addressing lawmakers in the wake of a Second Circuit decision that raised the bar to convict those who trade on nonpublic information.
Responding to a line of inquiry from U.S. Rep. Jim Himes, D-Conn., over whether the SEC would welcome congressional legislation defining and explicitly banning insider trading, White said that crafting an insider trading rule would be “challenging to codify” and, perhaps more interestingly, that the commission itself has considered whether it should...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!