Supreme Court To Review Insider-trading Case

By Markets MarketWatch Pulse

The Supreme Court said Tuesday it is going to review an insider-trading case. The Supreme Court is reviewing whether it's enough that the insider and the tippee shared a close family relationship or whether a personal benefit to the insider is needed, as is the standard upheld by the Supreme Court in the United States vs. Newman case. The case is the appeal of Bassam Yacoub Salman, who allegedly traded on deals disclosed by a future brother-in-law who worked in Citigroup's healthcare investment banking group.

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