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Feds See Upside To Insider Trading Case At Supreme Court

Law360, New York (July 8, 2016, 9:45 PM EDT) -- U.S. Securities and Exchange Commission and Justice Department officials trashed the Second Circuit’s Newman decision that made it tougher to prosecute insider trading Friday, but said the facts in the upcoming Salman case at the U.S. Supreme Court are in the government’s favor.

A U.S. Securities and Exchange Commission official at Friday's Practicing Law Institute conference said the government has a strong argument in U.S. v. Salman, where Bassam Salman is challenging his conviction for insider trading. (Credit: SEC) Joon Kim, deputy U.S. attorney for the...
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