The U.S. Supreme Court did hear enough information What is insider trading and what is not insider trading, And it does not want to hear any other sounds.In other words, it doesn’t mind forcing the Second Circuit Court of Appeals Heard more quarrels than the high court And show that you are A little confused on this matter, to Listen more.
The Supreme Court stated that the second U.S. Circuit Court of Appeals should review its 2019 ruling and held that according to the High Court’s ruling, non-public information from the Centers for Medicare and Medicaid Services (CMS) is property under the federal securities fraud regulations In the “Bridgegate” case last year, how prosecutors can use property fraud statutes to pursue government-related programs.
To recap, about six years ago, the Second Circuit said that insider trading (if it exists) Does not exist as the prosecutor thinks, Of course not as good as Preet Bharara hope. At that time, the Supreme Court avoided this debate, but after two years of reflection, yes, really existsBefore the second circuit started this epistemological debate stage, it almost reached the imagination of all of us.
Then last year, the Supreme Court said Chris Christie & Co.When they decided to roar on the George Washington Bridge in return for politics, of course they were corrupt, but they No violation of relevant specific laws, Because the opening and closing of the lanes leading to the river cannot be completely called government property. This caused some hedge fund managers to think, “Hey, what do we get from these secrets? That “political intelligence” guy Who got them from CMS friends again? “Maybe these are just intangible and enough to violate Bridgegate’s restrictions? Even John Roberts & Co. has decided to entrust this statement to the personnel involved in Foley Square.
Today, the U.S. Supreme Court rejected the request for certification in the case of Christopher Gibson, a NCLA client. The SEC’s plan failed to follow the two control decisions of the Supreme Court…
However, it is crucial for Gibson that, unfortunately, it was not released yesterday.
The Supreme Court orders the second notice to cancel the hedge fund insider trading case [Reuters]
The Supreme Court did not seek SEC internal judge challenge procedures [Bloomberg Law]
The U.S. Supreme Court will not hear controversial dismissal protection cases filed by internal judges of the U.S. Securities and Exchange Commission [press release]