Insiders Anonymous: The Third Circuit Rehabilitates SEC Rule 10b5-2(B)(2) and Extends Liability for Insider Trading to Non-Fiduciaries in United States v. Mcgee, 4 J. Marshall Global Mkt. L.J. 15 (2016)

Authors

Scott Henry

Abstract

This Article examines the development of insider trading law under SEC Rule 10b-5, and the Third Circuit Court’s decision in United States v. McGee to extend liability for securities fraud under Rule 10b5-(2)(b)(2) to corporate outsiders without a fiduciary relationship to the corporation in whose securities they trade.