The Past, Present and Future of Insider Trading: A 50th Anniversary Re-examination of Cady, Roberts and the Revolution it Began
The conference, "The Past, Present and Future of
Insider Trading: A 50th Anniversary Re-examination of Cady, Roberts and the
Revolution it Began," will examine both the legal issues of how far the
insider-trading prohibition should extend, and the practical and tactical
issues involved in recent actual cases and prosecutions.
In particular, it will offer a "view from the trenches" provided by the actual judges, prosecutors, and defense counsel who tried the Gupta and Rajaratnam cases. Trial strategy, the impact of wire-tapping, and sentencing issues all will be considered by the panelists.
The gathering will also commemorate the anniversary of an important U.S. Securities and Exchange decision. The 1961 Cady, Roberts & Co. decision spelled out for the first time the "disclose or abstain rule," which requires an individual with non-public information about a company to either disclose it prior to selling or buying stock in that company or to abstain from such transactions.
Participants include leading experts from academia, the government and the private sector.