Supreme Court Alert: Insider Trading
Salman v. United States (8-0 Opinion by Justice Alito on December 6, 2016.) Petitioner Salman was indicted for federal securities-fraud crimes for trading on inside information he received from a friend and relative-by-marriage, Michael Kara, who, in turn, received the information from his brother, Maher Kara, a former investment banker at Citigroup. Section 10(b) of… Read more »