U.S. Supreme Court Agrees To Review Insider-Trading Conviction

Mealey's (January 19, 2016, 11:41 AM EST) -- WASHINGTON, D.C. — The U.S. Supreme Court on Jan. 19 granted review of an insider-trading conviction in which the alleged inside trader has argued that determination of the “nature of the personal benefit an insider must receive for an insider trading offense” and whether “inaction . . . constitutes the ‘deliberate action’ necessary for willful blindness” is necessary (Bassam Yacoub Salman v. United States of America, No. 15-628, U.S. Sup.).

A federal grand jury indicted Bassam Yacoub Salman on four counts of securities fraud and one...
To view the full article, register now.