Posts tagged gifting theory.
The SEC granted two petitions for review last week that tee-up significant issues for full Commission consideration late next Spring. The Commission will consider the application of the Second Circuit's Newman decision restricting the "gifting theory" of insider trading and also will take up the constitutionality of the agency's administrative enforcement forum. Insider-Trading After Newman. ALJ Patil dismissed insider-trading charges against trader Joseph Ruggieri last fall, finding that his tipper hadn't provided the inside information in return for any personal ...
Posted in: Insider Trading Litigation, SEC
Tags: burr forman, gifting theory, insider-trading, Joseph Ruggieri, Newman, SEC, Securities and Exchange Commission, securities litigation, Securities Litigation & Arbitration