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Re: dr_lowenstein post# 44734

Saturday, 05/19/2018 2:25:36 PM

Saturday, May 19, 2018 2:25:36 PM

Post# of 48316
Which ruling was later clarified in a recent case in which the court decided that insider trading requires a showing of personal benefit to an insider-tipper. So disclosing information in itself, without a conspiracy with a recipient who actually trades based on the information, is meaningless. United States v. Newman, 773 F.3d 438, 442 (2d Cir. 2014).