Arnold & Porter Webcast: The Government's Current Focus on Insider Trading

The ongoing Galleon trial, and all the related SEC and criminal investigations, have renewed the focus on insider trading. What is it? When do you become restricted? How do you handle an investigation if misfortune strikes and you become involved in one?

The law of insider trading is surprisingly murky. It is not defined in the federal securities law statutes and is a judge-made concept, with some associated confusion as a result.

Our panelists discuss how to define insider trading; the misappropriation theory; the mosaic theory; use of expert networks; channel checking and other research activities; restricted trading; the use of walls; and the conduct of an investigation when one arises.

View the webcast or download the podcast on the Arnold & Porter website