Carpenter v. United States: Did Being Gay Matter?
15 Tennessee Journal of Law and Public Policy 116 (2020)
13 Pages Posted: 2 Nov 2020 Last revised: 7 Apr 2021
Date Written: October 30, 2020
Carpenter v. United States (1987) is a case commonly referenced in corporations, securities, and white collar crime classes. But the story behind the trading of pre-publication information from the "Heard on the Street" columns of the Wall Street Journal may be a story that has not been previously told. This Essay looks at the Carpenter case from a different perspective - gay men being prosecuted at a time when gay relationships were often closeted because of discriminatory policies and practices. This Essay asks the question of whether being gay mattered to this prosecution.
Keywords: white collar crime, securities fraud, gay rights, GLBT, insider trading
JEL Classification: K14, K19, K36, K42
Suggested Citation: Suggested Citation