Criminal Insider Trading in Personal Networks

Stetson Bus. L. Rev (2022)

30 Pages Posted: 14 Dec 2022

Date Written: November 27, 2022

Abstract

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

Heminway, Joan MacLeod, Criminal Insider Trading in Personal Networks (November 27, 2022). Stetson Bus. L. Rev (2022), Available at SSRN: https://ssrn.com/abstract=4286973 or http://dx.doi.org/10.2139/ssrn.4286973

Joan MacLeod Heminway (Contact Author)

University of Tennessee College of Law ( email )

1505 West Cumberland Avenue
Knoxville, TN 37996
United States
865-974-3813 (Phone)
865-974-0681 (Fax)

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