Insider Trading Prosecutions Just Got Harder as Court Raises Bar


Eugene Goldman commented that when the Second Circuit threw out convictions of hedge fund managers central to Manhattan U.S. Attorney Preet Bharara’s investigation of illicit trading, it could halt other insider trading cases and tarnish Bharara’s success rate. Mr. Goldman added that the court’s high bar for insider trading convictions may be applied to lawsuits brought by the SEC as well.