{"id":6076,"date":"2016-12-06T15:13:16","date_gmt":"2016-12-06T21:13:16","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1263"},"modified":"2022-05-19T08:51:15","modified_gmt":"2022-05-19T13:51:15","slug":"us-supreme-court-issues-ruling-impacts-definition-insider-trading","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/us-supreme-court-issues-ruling-impacts-definition-insider-trading\/","title":{"rendered":"US Supreme Court Issues Ruling that Impacts The Definition of Insider Trading"},"content":{"rendered":"

\t\t\t\tIn a unanimous decision, the US Supreme Court justices ruled that prosecutors in insider trading cases don\u2019t always have to demonstrate that something of value was exchanged to prove that the crime happened. The court\u2019s ruling comes two years after another decision, in\u00a0United States v. Newman<\/em>,\u00a0raised questions regarding what comprises insider-trading. That decision led to the dismissal of a number of insider trading cases.<\/p>\n

This week, however, in Salman v. United States<\/em>, the nation\u2019s highest court gave the government back some of the power it lost in the earlier federal court case. The justices\u2019 opinion upheld the prosecution of Bassam Salman, a man convicted of insider trading.<\/p>\n

Salman admitted to trading on the information given to him by his brother-in-law Maher Kara, a Citigroup (C) <\/a>investment banker. Prosecutors accused him\u00a0of\u00a0making $1.5M by trading on tips about biomedical company acquisitions involving Citigroup clients.<\/p>\n

Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In a unanimous decision, the US Supreme Court justices ruled that prosecutors in insider trading cases don\u2019t always have to demonstrate that something of value was exchanged to prove that the crime happened. The court\u2019s ruling comes two years after another decision, in\u00a0United States v. Newman,\u00a0raised questions regarding what comprises insider-trading. That decision led to […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3811],"tags":[2653,2654],"class_list":["post-6076","post","type-post","status-publish","format-standard","hentry","category-insider-trading","tag-bassam-salman","tag-us-supreme-court"],"yoast_head":"\nUS Supreme Court Issues Ruling that Impacts The Definition of Insider Trading — Investor Lawyers Blog — December 6, 2016<\/title>\n<meta name=\"description\" content=\"In a unanimous decision, the US Supreme Court justices ruled that prosecutors in insider trading cases don\u2019t always have to demonstrate that something of — December 6, 2016\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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