Trading on Market Information: Rule lOb-5 and Market Insiders-United States v. Chiarella

Authors

Bernard J. Krabacher

Abstract

In United States v. Chiarella, the Court of Appeals for the Second Circuit held that anyone who regularly receives material nonpublic information is subject to the prohibitions of rule 10b-5. The author of this casenote discusses the expansion of liability created by this holding and analyzes the questions raised by the decision.

Recommended Citation

Bernard J. Krabacher, Trading on Market Information: Rule lOb-5 and Market Insiders-United States v. Chiarella, 34 U. Mia. L. Rev. 159 (1979)
Available at: https://repository.law.miami.edu/umlr/vol34/iss1/8