Published on October 7, 2016 | by LawNews
Prof. Ronald Colombo Comments in Law360 Story on 1st Insider Trading Case Before the Supreme Court in Nearly 2 Decades
High Court To Clarify Murky Insider Trading Rules
By Carmen Germaine
Oct. 3, 2016
One reason the case [Salman v. U.S.] is so important — and insider trading law in general is so thorny — is that it’s a judicially created area of law. …
And because the law is based on judicial interpretations, the justices may have a freer hand than in other cases, according to Hofstra University professor Ron Colombo.
“The prohibition on insider trading has largely been fabricated by the judiciary, so there’s a relatively free hand for the court to do things it might not otherwise do,” Colombo said.
Read the full article on law360.com (registration required).