Photo: TZIDO SUN/Shutterstock.com 'Blaszczak' and the ITPA: Toward a Statutory Definition for Insider Trading?
This article, the second in a series discussing insider trading law, considers the options for national legislation defining insider trading.
April 19, 2021 at 10:00 AM
8 minute read
This second of three articles discussing insider trading law considers the options for national legislation defining insider trading. This topic has taken on new life in light of the Democratic Party's control of the Senate, the U.S. Court of Appeals for the Second Circuit's decision permitting prosecutors to use a Title 18 statute to prosecute insider trading, and continuing uncertainty in other judicial opinions about the metes and bounds of insider trading. In light of the significant impact a federal law defining insider trading could have on civil and criminal investigations, it is worth examining the history and potential future of reform proposals.
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