United States v. Newman Clarifies the Law of Insider Trading

Re:United States v. Newman Clarifies the Law of Insider Trading by nkassis on Friday July 31, 2015 @12:32PM (#9982690)

This is interesting, I was under the impression that insider trading covered even things accidentally leaked from companies. Is that not the case? If someone used information hacked or found by another person would that fall under insider trading?

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Re:United States v. Newman Clarifies the Law of Insider Trading by berberous on Friday July 31, 2015 @12:54PM (#9982814)

"“Dorozhko’s alleged ‘stealing and trading’ or ‘hacking and trading’ does not amount to a violation” of securities laws, Judge Naomi Reice Buchwald of United States District Court ruled last month. Although he may have broken laws by stealing the information, the judge concluded, “Dorozhko did not breach any fiduciary or similar duty ‘in connection with’ the purchase or sale of a security.” She ordered the S.E.C. to let him have his profits."

http://www.nytimes.com/2008/02/15/business/15norris.html

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Re:United States v. Newman Clarifies the Law of Insider Trading by jdshutt on Friday July 31, 2015 @05:14PM (#9984537)

The Second Circuit reversed that ruling.

http://economix.blogs.nytimes.com/2010/03/29/common-sense-an...

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