Insider Trading as Baseball Season Starts
|Area||Corporate Finance and Securities|
Article originally published in the Canadian Lawyer Magazine, May 2018
Excerpt from "Insider Trading as Baseball Season Starts":
Sticking to my day job, the Court of Appeal’s Finkelstein decision is significant, clarifying important questions about how insider trading and tipping rules apply as “stock tips” and are passed down a long chain from the original source. The premise of insider trading laws, unsurprisingly, is that all trading should occur on a level informational playing field. The key issue in the case is to identify the circumstances where a party, not having actual knowledge that the ultimate source of the tip is an insider, should nevertheless not communicate or trade on that information.