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O'Hagan, 521 U.S. 642 (1997), was a United States Supreme Court case concerning insider trading and breach of U.S. Securities and Exchange Commission Rule 10(b) and 10(b)-5. In an opinion written by Justice Ruth Bader Ginsburg , the Court held that an individual may be found liable for violating Rule 10(b)-5 by misappropriating confidential ...
Much of the development of insider trading law has resulted from court decisions. In 1909, the Supreme Court of the United States ruled in Strong v. Repide [70] that a director who expects to act in a way that affects the value of shares cannot use that knowledge to acquire shares from those who do not know of the expected action. Even though ...
SEC Rule 10b-5, codified at 17 CFR 240.10b-5, is one of the most important rules targeting securities fraud in the United States. It was promulgated by the U.S. Securities and Exchange Commission (SEC), pursuant to its authority granted under § 10(b) of the Securities Exchange Act of 1934. [1]
CEO of Odonate Therapeutics Inc (30-Year Financial, Insider Trades) Kevin C Tang (insider trades) bought 275,784 shares of ODT on 12/23/2020 at an average price of $15.16 a share.
The Stop Trading on Congressional Knowledge (STOCK) Act of 2012 (Pub. L. 112–105 (text), S. 2038, 126 Stat. 291, enacted April 4, 2012) is an Act of Congress designed to combat insider trading. It was signed into law by President Barack Obama on April 4, 2012. The law prohibits the use of non-public information for private profit, including ...
WASHINGTON (Reuters) -The Justice Department late on Wednesday asked a U.S. appeals court to reject an emergency bid by TikTok to temporarily block a law that would require its Chinese parent ...
The U.S. Commerce Department said on Thursday it is considering new rules that would impose restrictions on Chinese drones that would restrict or ban them in the United States citing national ...
On April 29, 2016, Xu was formally charged with manipulating the securities market and insider trading. [13] On January 23, 2017, Xu was sentenced to five and a half years in prison and was fined 11 billion yuan (US$1.6 billion). [6] On July 9, 2021, Xu was released from prison after serving his five and a half years sentence. [14]