{"id":55644,"date":"2016-12-14T00:04:45","date_gmt":"2016-12-14T05:04:45","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=55644"},"modified":"2016-12-14T00:05:15","modified_gmt":"2016-12-14T05:05:15","slug":"supreme-court-leaves-insider-trading-law-alone-2","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2016\/supreme-court-leaves-insider-trading-law-alone-2.html","title":{"rendered":"Supreme Court Leaves Insider-Trading Law Alone"},"content":{"rendered":"<p>\n(Bloomberg) The basic idea of insider trading law is that if you work for a company, and you get important secret information about that company in the course of your work, you can&#8217;t steal that information and use it for your own benefit. If you are the chief executive officer of the company, and you know that earnings will be disastrous, you can&#8217;t sell your stock. If you are an investment banker working for the company, and you know it is going to be acquired at a big premium, you can&#8217;t buy its stock. That information belongs to the company and its shareholders, and you have a duty to them, and you would violate that duty if you traded on it for your own benefit.<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/view\/articles\/2016-12-06\/supreme-court-leaves-insider-trading-law-alone\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) The basic idea of insider trading law is that if you work for a company, and you get important secret information about that company in the course of your work, you can&#8217;t steal that information and use it for [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-55644","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/55644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=55644"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/55644\/revisions"}],"predecessor-version":[{"id":55645,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/55644\/revisions\/55645"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=55644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=55644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=55644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}