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This article [0] seems at odds with your statement. > Dirks v. SEC, 463 U.S. 646 (1983) was a pivotal U.S. Supreme Court decision regarding this type of inside
by vageli 4y ago
This article [0] seems at odds with your statement.
> Dirks v. SEC, 463 U.S. 646 (1983) was a pivotal U.S. Supreme Court decision regarding this type of insider trading. In Dirks, the Court held that a prosecutor could charge tip recipients with insider trading liability if the recipient had reason to believe that the information’s disclosure violated another’s fiduciary duty and if the recipient personally gained from acting upon the information. Dirks also created the constructive insider rule, which treats individuals working with a corporation on a professional basis as insiders if they come into contact with non-public information.
[0]: https://www.law.cornell.edu/wex/insider_trading https://www.law.cornell.edu/wex/insider_trading