Karl A Groskaufmanis
December 21, 2016 | New York Law Journal
Salman Insider Trading Decision: Lessons for Buy-Side AdvisorsKarl A. Groskaufmanis and Samuel P. Groner, of Fried, Frank, Harris, Shriver & Jacobson, examine the U.S. Supreme Court decision in 'Salman v. United States' on the test for tipper/tippee liability in insider trading law. They explain that it sets a line that separates fundamental investment research from fraudulent and potentially criminal conduct. While the case marks a clear victory for federal insider trading enforcement, they note that it also multiplies the challenges for lawyers and compliance officers advising buy-side investors.
By Karl A. Groskaufmanis and Samuel P. Groner
18 minute read
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