Justices Unlikely To Slice Through Insider Trading Knot
By Carmen Germaine (October 7, 2016, 10:20 PM EDT) -- Although the U.S. Supreme Court seemed ready in recent arguments to hold a man liable for insider trading even though his brother-in-law received no financial benefit for passing tips, experts said the justices' apparent unwillingness to stray from their past decisions could leave lower courts and prosecutors still grappling with the Gordian knot of insider trading law.
At oral arguments on Oct. 5, the justices seemed to place little credence in Illinois trader Bassam Salman's claim that he shouldn't have been convicted for insider trading because his brother-in-law Maher Kara received no financial or pecuniary benefit for passing tips to his...
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