Insider Trading Liability for Liability Based on Tips from Family

When the Supreme Court last year agreed to hear the defendant's appeal in <i>United States v. Salman,</i> it raised expectations in some quarters that it might significantly change insider trading law by curtailing liability for trading on tips from family members. But when it issued its opinion in December, it disappointed those expectations by unanimously reaffirming liability for trading on family tips, even where the tipper receives no monetary gain.

7 minute read January 01, 2017 at 06:04 AM
By
Eric Rieder
Insider Trading Liability for Liability Based on Tips from Family

When the Supreme Court last year agreed to hear the defendant's appeal in United States v. Salman, 792 F.3d 1087 (9th Cir. 2015), it raised expectations in some quarters that it might significantly change insider trading law by curtailing liability for trading on tips from family members.

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