Judges Consider What Defines Insider Trading

A panel of federal appeals-court judges signaled that prosecutors may have taken too broad a view of insider trading, saying there needs to be more a "bright line" for Wall Street about what constitutes a crime.

The comments came Tuesday during arguments of an appeal brought by two former hedge-fund managers that could threaten some of the convictions won by prosecutors in their yearslong crackdown on insider trading.

Source: http://blogs.wsj.com/law/2014/04/22/judges-consider-what-defines-insider-trading/?mod=WSJBlog

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