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Insider Trading as Baseball Season Starts

May-1-2018

Lawyer Neill May
Area Corporate Finance and Securities

Summary

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.

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