Supreme Court has a chance to clarify insider trading

posted by
October 4, 2016
Cato Institute
by Thaya Brook Knight  
Posted in Commentary

"Insider trading is a crime that can put a person away for more than a decade, and yet this crime exists nowhere in our federal statutes. It is a crime created by unelected judges, case by case, with each case differing slightly from the one that came before. On Wednesday the Supreme Court will hear argument in a case out of the Ninth Circuit, which held that the difference between insider trading and lawful trading might depend simply on the relationship between the people involved." (10/04/16)  

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