Financial Regulation · Regulation
Insider Trading Rules
Insider trading isn't defined in any statute; it's built from Rule 10b-5 and court cases. The classical and misappropriation theories, tipper/tippee liability and 'personal benefit', 10b5-1 plans, Section 16 short-swing profits, penalties, and famous cases.
Step 1 of 6 · Overview30 min read ·
Key idea
Prereqs: The SEC & securities law. Next: The Fed as regulator. Sources: *Chiarella* (1980), *Dirks* (1983), *O'Hagan* (1997), *Salman* (2016), SEC Rule 10b5-1 amendments (2022).Not legal advice. Education only; for a real situation, consult a licensed attorney.
Next: 1. Theories of liability