Exchange Act Section 16(b) is typically applied as a “blunt instrument,†according to the courts. Crafted as the only provision to specifically address insider trading at the time the Exchange Act was written in 1934, the Section precludes what are …
Year: 2012
THIS WEEK IN SECURITIES LITIGATION (January 20, 2012)
Insider trading, implementing Dodd-Frank, asset valuations and old scandals dominated the securities enforcement litigation this week. The U.S. Attorney’s Office in Manhattan and the SEC brought more high profile insider trading cases focused on the hedge fund industry. These cases …
THIS WEEK IN SECURITIES LITIGATION (January 20, 2012) Read More »
Tagged with: breach of fiduciary duty, Dodd Frank, Insider trading, investment fund fraud, NAV, secactions, Volker Rule