Insider Trading Claims: Defenses

Summary

Prosecutors and regulators have prioritized enforcement of insider trading laws for more than a decade, and over the years, have brought a wide array of civil and criminal actions. This practice note provides an overview of the current law and regulatory framework governing insider trading in the context of government investigations, criminal prosecutions, and civil enforcement proceedings. It further discusses the key legal elements, the roles and relations among enforcement bodies, and key strategies for defending against insider trading claims in the current environment.