December 13, 2019

On December 5, 2019, the House passed the Insider Trading Prohibition Act (the Act).  If the Act becomes law, it would codify prohibitions on insider trading and would result in important changes in substantive insider trading law.  It thus could replace the current regime where insider trading is enforced through the application of complex, and at times inconsistent, case law applying the broad anti-fraud rules.

To read the full alert, click here