2015•bepress Legal RepositoryOpen access

Friends With Benefits: Analyzing The Implications Of United States v. Newman For The Future Of Insider Trading

Tebsy Paul

Abstract

requirements necessary to sustain a conviction for remote tippee liability in insider trading cases.The Court's decision correctly curbed the government's ability to bring insider trading cases by limiting the Securities and Exchange Commission's ("SEC") broad interpretation of existing securities law.The SEC's broad interpretation has damaged the overall efficiency of the market by limiting the incentives of market participants to obtain information and make informed trading decisions.Furthermore, this Comment will recommend the need for Congress to enact create laws directly criminalizing insider trading behavior.

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Key concepts: Supreme court, Law, Insider trading, Plaintiff, Securities Exchange Act of 1934, Political science, Government (linguistics), Securities fraud