Criminal Insider Trading in Personal Networks
Stetson Bus. L. Rev (2022)
30 Pages Posted: 14 Dec 2022
Date Written: November 27, 2022
This Article describes and comments on criminal insider trading prosecutions brought over an eleven-year period. The core common element among these cases is that they all involve alleged tipper/tippee insider trading or misappropriation insider trading implicating information transfers between or among friends or family members (rather than merely business connections). The ultimate objectives of the Article are to explain and comment on the nature of these criminal friends-and-family insider trading cases and to posit reasons why friends and family become involved in criminal tipping and misappropriation - conduct that puts both the individual friends and family members and the relationships between and among them at risk.
Keywords: Insider trading, personal networks, tipping, tipper, tippee, misappropriation, misappropriator
JEL Classification: G02, G14, G18, K14, K22, K42
Suggested Citation: Suggested Citation