Supreme Court Declines To Review Insider Trading Case

WASHINGTON (AP) — The Supreme Court said Monday it won't hear the Obama administration's appeal of a lower court ruling that made it tougher to prosecute people for trading on leaked inside information. The justices let stand a decision by the federal appeals court in New York last year that threw out insider trading convictions of two high-profile hedge fund managers. In legal briefs filed with the court, Solicitor General Donald Verrilli said leaving the appeals court ruling in place would "hurt market participants, disadvantage scrupulous market analysts and impair the government's ability to protect the fairness and integrity of the securities markets."

BING NEWS:
  • Tesla Investor Sues Elon Musk Over Alleged $7.5 Billion Insider Trading
    Good morning! It’s Monday, June 3, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need ...
    06/3/2024 - 2:00 am | View Link
  • Elon Musk accused of $7.5B insider trading by Tesla investor
    Billionaire investor Elon Musk is facing a $7.5B insider trading lawsuit from a Tesla (NASDAQ:TSLA) shareholder, according to legal documents filed in a Delaware court on Thursday. Tech investor ...
    06/1/2024 - 8:23 am | View Link
  • Tesla investor accuses Elon Musk of insider trading that banked him $7.5 billion
    Tesla investor Michael Perry alleged that Elon Musk knew the company would miss fourth-quarter projections when he sold $7.5B in Tesla stock.
    05/31/2024 - 3:57 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News