Last month, the U.S. House of Representatives passed the Insider Trading Prohibition Act, a bill intended to amend the Securities Exchange Act of 1934 to address insider trading issues. In the following guest post, Partners Brooke Cucinella and Michael Osnato, Counsel Anar Rathod Patel, and Associate Rebecca Sussman, all of the Simpson Thacher law firm, analyze the bill and discuss its implications. A version of this article was previously published as a Simpson Thacher client memorandum. I would like to thank the authors for allowing me to publish their article as a guest post on this site. I welcome guest post submissions from responsible authors on topics of interest to this blog’s readers. Please contact me directly if you would like to submit a guest post. Here is the authors’ article.
Continue Reading Guest Post: Developments in Insider Trading Enforcement: The House Passes the Insider Trading Prohibition Act
A year ago, President Obama signed the Jumpstart Our Business Startups (JOBS) Act, a legislative product of rare bipartisan collaboration that was intended to improve employment and make it easier for smaller firms to raise private equity. (For an overview of the Act’s provisions, refer