Securities,
Government,
Corporate,
Administrative/Regulatory
Jul. 1, 2019
Bill aims to tidy up ‘judicial mess’ of insider trading law
The House Committee on Financial Services recently approved a bill, the Insider Trading Prohibition Act, which creates a statutory definition of insider trading in response to what Rep. Jim Himes, D-Conn., called a “judicial mess” of court decisions.
Thomas A. Zaccaro
Senior Counsel
Hueston Hennigan LLP
Phone: (213) 788-4039
Email: tzaccaro@hueston.com
Boston College Law School
Thomas is a partner in the firm's Litigation Department. He served as regional trial counsel in the SEC's Los Angeles office.
Nicolas Morgan
Partner
Paul Hastings LLP
Phone: (213) 683-6181
Email: nicolasmorgan@paulhastings.com
Nicolas is a partner in the firm's Litigation Department. He served as senior trial counsel in the SEC's Los Angeles office.
Dina Ellis Rochkind
Of Counsel
Paul Hastings LLP
Dina is of counsel in the firm's Government Affairs practice and is based in its Washington, D.C. office.
The House Committee on Financial Services recently approved a bill, the Insider Trading Prohibition Act, which creates a statutory definition of insider trading in response to what Rep. Jim Himes, D-Conn., called a "judicial mess" of court decisions. This so-called mess exists because Congress has never adopted an explicit prohibition on insider trading, leaving it to the courts to develop and interpret the landscape of insider trading law against a backdrop of existi...
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