3 ms·
10b-5 is an SEC regulation, not a criminal statute. Administrative agencies don't have the power to define or prosecute crimes. It's fair to characterize these
by perihelions 4y ago
10b-5 is an SEC regulation, not a criminal statute. Administrative agencies don't have the power to define or prosecute crimes.
It's fair to characterize these criminal charges as "insider trading" (I assume; the DoJ press release describes them using that phrase).