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Rakoff Urges Securities Bar To Write Insider Trading Law (Law360)
Law360, March 1, 2017
Rakoff Urges Securities Bar To Write Insider Trading Law (subscription required)
“U.S. District Judge Jed S. Rakoff urged securities lawyers on Wednesday to write a statute prohibiting insider trading, lamenting that enforcement of what is now judicially-created law has grown complicated and uncertain. Judge Rakoff focused on the complicated enforcement of American insider trading law in a speech on Wednesday at the New York City Bar’s annual Securities Litigation Institute, telling attendees that the U.S. has fallen behind foreign regulators in jurisdictions like Europe that have a straightforward insider-trading statute on the books.”
