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Corporate & Securities Law

: Jim Hamilton's World of Securities Regulation

By Jim Hamilton

In SEC Enforcement Action: Federal Court Rules that Agreement Supporting Misappropriation Theory Must Have a Non-Use ComponentIn an SEC enforcement action, a federal judge ruled that the agreement required to invoke the misappropriation theory of insider trading liability must include both an obligation to maintain the confidentiality of the inside information and not to trade on or otherwise use the information. Thus, the SEC did not state a duty arising by agreement since the Commission failed read more

Full post as published by Jim Hamilton's World of Securities Regulation on July 19, 2009 (boomark / email).