A former Centers for Medicare & Medicaid Services worker and two former hedge fund analysts on Wednesday urged the Second Circuit to reverse all of their insider trading convictions following the U.S. Supreme Court's remand in light of its Bridgegate decision, saying the government can't salvage two counts of conviction out of many it now agrees should be set aside.
MGCfutures
Michael Grandage s bursary scheme to aid aspiring professionals, MGCfutures, has unveiled its fifth round of recipients.
Aiding aspiring theatre makers who are looking to progress to the next stage of their development, MGCfutures was launched in 2013 with the bursaries first distributed in 2016. Applicants are able to apply for up to £5000.
This year, in a major expansion for the scheme, there are 33 recipients: Waleed Akhtar, Tom Bellerby, Rebecca Brewer, Teresa Burns, Ghost Chan, Zhui Ning Chang, Liz Daramola, Beth Flintoff, burn/gobscure, Sam Hardie, Natalie Haslam, Kitty Hawkins, Courtenay Johnson, Eve Kann, Júlia Levai, Tom Lightbody, Rafaella Marcus, Tony Mills, Will Monks, Madelaine Moore, Laurie Motherwell, Anna Orton, Nisha Oza, Claire Rimington, Luke W. Robson, Nye Russell-Thompson, Lucía Sánchez Roldán, Amber Sinclair-Case, Freya Smith, Lexie Ward, Naomi Westerman, Christopher Worrall and Lilac Yosiphon.
Last year, we reviewed the Second Circuit decision in United States v. Blaszczak, which made it easier to prosecute trading on inside information. A divided panel of the Second Circuit.
Prosecutors Not Required to Prove Tipper Received “Personal Benefit” to be Convicted Under Criminal Insider Trading Statute Thursday, January 9, 2020
On December 30, 2019 the Second Circuit issued its opinion in
United States v. Blaszczak, finding that the government can criminally prosecute insider trading under 18 U.S.C. 1348 without proving personal benefit to the tipper, making it easier to prosecute trading on inside information.
Prior to the
Blaszczak ruling, it was unclear whether judicial precedent in insider trading cases brought under the Securities Exchange Act of 1934, Section 10(b) and SEC Rule 10b-5 (referred to herein as Title 15), would apply to cases brought under the newer securities fraud law found in Title 18, which applies to registered securities. Under Title 15, prosecutors had to prove, among other things, that insiders received some form of “personal benefit” in exchange for their tips. In certain circumstances, demonstrating t
Supreme Court To Take A Second Look At Case Involving Insider Trading On Government Healthcare Tip zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.