Supreme Court Upholds Conviction Of Man For Role In Insider Trading Scheme

Mealey's (December 6, 2016, 12:48 PM EST) -- WASHINGTON, D.C. — A federal appellate court did not err in affirming a lower court’s conviction of a man for his role in an insider trading scheme pursuant to U.S. Supreme Court precedent because even though the insider did not receive a financial benefit from providing the information, the trader and insider are relatives, the U.S. Supreme Court ruled on Dec. 6 (Bassam Yacoub Salman v. United States of America, No. 15-628, U.S. Sup.)....

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