Impact of the Recent Supreme Court Decision on the Law of Insider Trading

The Dec 6, 2016 court ruling in US v Salman clarifies the “personal benefit” requirement and eases the government’s burden of proving insider trading cases. But how does this impact other decisions such as US v Newman and the prosecution of future insider trading cases? While the government need not show that the tipper has received something of tangible value, it raises the question of when the relationship between tipper and tippee reaches the level which would satisfy this lesser “personal benefit” requirement. Head of Tannenbaum Helpern’s Governmental and Regulatory Investigations Practice and securities litigator Ralph Siciliano held a lively, in-depth discussion addressing these and other critical questions in light of the Salman decision. Watch the video.