SEC v Panuwat: The SEC’s Novel “Shadow Trading” Insider Trading Case Goes to Trial

Insider trading is a concept that most people are generally familiar with. In its simplest form, it involves a corporate insider trading in securities of his or her corporation on the basis of material nonpublic information (MNPI) about that corporation. “Shadow trading”, on the other hand, involves misappropriation of confidential information about one company to […]