Hannah L Welsh

June 18, 2021 | The Legal Intelligencer

To many this will come as a complete surprise, but there is no federal law that explicitly outlaws insider trading. Rather, for decades the SEC and the Department of Justice, with the endorsement of federal judges, have used the general securities fraud statutes to patch together a complex and problematic insider trading common law.

By David L. Axelrod and Hannah L. Welsh

8 minute read