High Court to Clarify Murky Insider Trading Rules
The U.S. Supreme Court will tackle its first insider trading case in nearly two decades. Experts are confident the justices will clarify the increasingly unclear area, whether by agreeing to curtail the type of benefit tippers must receive to establish criminal liability or by reaching a broader prosecution-friendly solution.
Attorney Jeremy Sternberg, a former prosecutor, described the case as "fascinating" due to all the potential directions the high court could take. "It'll be interesting to see and hear whether the Supreme Court seems to be interested in creating what everyone else seems to want, which is clear and predictable rules," Mr. Sternberg said.
READ: High Court To Clarify Murky Insider Trading Rules (subscription may be required)