Slade v. Shearson, Hammill & Co.

OAKES, Circuit Judge:

Is an investment banker/securities broker who receives adverse material nonpublic information about an investment banking client precluded from soliciting customers for that client’s securities on the basis of public information which (because of its possession of inside information) it knows to be false or misleading?

This intriguing question, “certified” to us under the provisions of 28 U.S.C. § 1292(b)1 has been briefed not only by the opposing parties but by three amici curiae, each of which has taken a different position in response not only to the *400“certified”…