Salman v. United States
Supreme Court of the United States
1Opinion of the CourtJustice Alito
Section 10(b) of the Securities Exchange Act of 1934 and the Securities and Exchange Commission's Rule 10b-5 prohibit undisclosed trading on inside corporate information by individuals who are under a duty of trust and confidence that prohibits them from secretly using such information for their personal advantage. 48 Stat. 891 , as amended, 15 U.S.C. § 78j(b) (prohibiting the use, "in connection with the purchase or sale of any security," of "any manipulative or deceptive device or contrivance in contravention of such rules as the [Securities and Exchange Commission] may prescribe"); 17…
2Cases cited10 opinions
- Johnson v. United StatesSupreme Court of the United States · 2015
- McNally v. United StatesSupreme Court of the United States · 1987
- Skilling v. United StatesSupreme Court of the United States · 2010
- United States v. O'HaganSupreme Court of the United States · 1997
- Dirks v. Securities & Exchange CommissionSupreme Court of the United States · 1983
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