United States insider tradingtippee liabilitysecurities fraud

Salman v United States

580 US 39 (2016)

JurisdictionUnited States

CourtSupreme Court of the United States

Year2016

StatusBinding authority

Key Principle

Insider trading liability under the gift theory does not require proof of a pecuniary benefit to the tipper; a gift of confidential information to a trading relative or friend suffices (Justice Alito).

Area of Law

corporate

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