Brad Bondi and Connor Shea Publish “Insider Trading Prohibition Act: First Analysis” in The Lexis Practice Advisor Journal
In a new article for The Lexis Practice Advisor Journal, partner Bradley J. Bondi and law clerk Connor G. Shea outline and analyze the impact of H.R. 2534, “Insider Trading Prohibition Act” (ITPA), passed on December 5, 2019, by a large, bipartisan majority of the House of Representatives. The ITPA is one of several pieces of legislation initially proposed in the wake of the Second Circuit’s 2014 decision, United States v. Newman, 773 F.3d 438 (2d Cir. 2014). If passed by the Senate and signed into law by the President, the ITPA would amend the Securities Exchange Act of 1934 to define “insider trading” and codify the judicial ban on insider trading.
Insider Trading Prohibition - LPA Journal.pdf (pdf | 280.57 KB )