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.
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