• News Desk

U.S. TOP COURT JUSTICES HEARING A INSIDER TRADING CASE


U.S. Supreme Court justices hearing a closely watched insider trading case indicated on Wednesday they were likely to make it easier for prosecutors to pursue such charges against traders, but questioned where to draw the line.The appeal by Bassam Salman, an Illinois man convicted after making nearly $1.2 million trading on information that came from his brother-in-law, was the first insider trading case to come before the justices in two decades.Because Congress never defined what constitutes insider trading, courts and regulators have been forced to supply the answer.

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#USSupremecourt #Bassamsalman #Congress

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