Amid big Supreme Court ruling over Salman Insider Trading has a new era arrived?
In a relatively quick and unanimous decision, the US Supreme Court ruled in favor of prosecutors in a much-watched insider trading case. After hearing the case October 5 amid differing lower court rulings, the justices, who have a history of splitting along party lines, ruled 8-0 against defendant Bassam Salman Tuesday. In doing so, the court sent a powerful message and handed prosecutors a solid legal framework under which they can adjudicate such cases.
Salman Insider Trading - US Supreme Court upholds tough approach
Chicago resident Salman was previously convicted on the basis of receiving insider stock tips from his brother-in-law, a Citigroup Inc. investment banker who...
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