Business, Management and Accounting
4 years ago

SEC's new weapon targets negligent insider traders, widening enforcement net.

1 view
University of Pennsylvania journal of business law
The SEC’s Neglected Weapon: A Proposed Amendment to Section 17(a)(3) and the Application of Negligent Insider Trading
Marc I. Steinberg, Abel Ramirez

Paper Summary

The article suggests that the SEC can use a neglected law to go after negligent insider traders. By amending Section 17(a)(3), the SEC could target those who engage in insider trading due to negligence, not just intent. This change could make it easier for the SEC to catch more insider traders and hold them accountable.

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