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Why insider trading is so difficult to stop

Posted on AllSides August 10th, 2023
From The Center

Martha Stewart was famously accused of insider trading in the early 2000s, but she didn’t face criminal insider trading charges.

Instead, Stewart was found guilty and went to prison for obstruction of justice, conspiracy and making false statements. This prosecutorial choice may have been due to how the law is written.

“It is incredibly difficult to prove an insider trading case,” said Daniel Taylor, a forensic accounting professor at the University of Pennsylvania. “Congress has never actually defined what insider trading was and explicitly outlawed it.”

“Insider trading is judge-made...

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