Professor J. Scott Colesanti, a former regulator who has taught Securities Regulation for 19 years, and second-year student Emily Knight, his teaching assistant, co-wrote the article “Unnecessary Roughness vs. Shooting Par: Insider Trading and Two Athletes,” which appears in the Jan. 22 print edition of New York Law Journal. The article was first published on the NYLJ website on Jan. 18.
Former NFL star Mychal Kendricks will soon be sentenced for his $1 million profit from insider trading. He faces up to 25 years in prison. A few years back, golf star Phil Mickelson profited close to a million from an insider trading tip; he simply repaid the money (with interest).
In the article, Professor Colesanti and Ms. Knight explore the available guidance on why one SEC case stays home and the other elevates to a criminal matter at the Department of Justice.
Read the full article on the New York Law Journal website.