Supreme Court Hardens Stance on Insider Trading

Supreme Court Hardens Stance on Insider Trading

December 6, 2016, The Wall Street Journal

Arlo Devlin-Brown is quoted by The Wall Street Journal in an article regarding the Supreme Court’s ruling in the Salman case which restores some of the power the government lost in a 2014 federal case relating to insider trading prosecutions.  According to Devlin-Brown, “The problem with the word friend is that it is very elastic. People have dozens of Facebook friends they couldn’t pick out of a lineup and have never met.” He adds that the government could still run into trouble in situations involving distant acquaintances.