Legal Opinion
Securities & Exchange Commission v. Payton
District Court, S.D. New York
Decided April 6, 2015No. 14 Civ. 4644PublishedCited by 5 opinions
1Opinion of the Court
OPINION AND ORDER
JED S. RAKOFF, District Judge.
As a general matter, there’is nothing esoteric about insider trading. It is a form of cheating, of using purloined or embezzled information to gain an unfair trading advantage. The Unites States securities markets — the comparative honesty of which is one of our nation’s great business assets — cannot tolerate such cheating if those markets are to retain the confidence of investors and the public alike.
But if unlawful insider trading is to be properly deterred, it must be adequately defined. The appropriate body to do so, one would think, is…
2Cases cited8 opinions
- Dirks v. Securities & Exchange CommissionSupreme Court of the United States · 1983
- Fed. Sec. L. Rep. P 93,590 David Segal v. Lawrence Gordon, and Coburn Corporation of AmericaCourt of Appeals for the Second Circuit · 1972
- Securities & Exchange Commission v. ObusCourt of Appeals for the Second Circuit · 2012
- Securities & Exchange Commission v. ApuzzoCourt of Appeals for the Second Circuit · 2012
- United States v. Newman and ChiassonCourt of Appeals for the Second Circuit · 2014
3 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- United States v. WhitmanDistrict Court, S.D. New York · 2015
- Securities & Exchange Commission v. PaytonDistrict Court, S.D. New York · 2016
- Securities & Exchange Commission v. SpivakDistrict Court, D. Massachusetts · 2016
- Securities & Exchange Commission v. AndradeDistrict Court, D. Rhode Island · 2016
- Securities & Exchange Commission v. PaytonDistrict Court, S.D. New York · 2015