The SEC generally refers to illegal insider trading as “the act of buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security.”1 Intuitively, many people feel insider trading is an unfair abuse of information asymmetries that allows …
Continue reading “Insider Trading Regulation of Derivatives under SEC Rule 10(b)-5 and Dodd Frank”