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SEC's 'Shadow Trading' Trial To Test Insider Info Boundaries

By Jessica Corso (March 21, 2024, 11:35 PM EDT) -- If the U.S. Securities and Exchange Commission can convince jurors hearing its first-ever "shadow trading" case next week to find a former executive in the wrong for buying up a competitor's securities while having insider information about his own company, the floodgates could open to civil and criminal prosecution of other corporate insiders under the novel legal theory, attorneys told Law360....

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