Fall 2024
Shadow Trading in the Spotlight
The Brief, American Bar Association
Litigation attorneys Hunter Bezner, Jessica Magee and Allison Kernisky published an article featured in the American Bar Association's The Brief series about the emerging theory of "shadow trading" as enforced by the U.S. Securities and Exchange Commission (SEC). This innovative approach expands traditional insider trading definitions by targeting the use of material nonpublic information from one company to trade securities of another, examining cases such as SEC v. Panuwat to showcase this new enforcement frontier. The authors provide a comprehensive analysis of the regulatory and compliance challenges companies face under this evolving legal landscape, advising corporate management to reassess their insider trading policies and employee training protocols to mitigate potential legal and reputational risks.
READ: Shadow Trading in the Spotlight (Subscription required)
READ: Shadow Trading in the Spotlight (Subscription required)