US SUPREME COURT HOLDS FAMILY MEMBER LIABLE FOR INSIDER TRADING EVEN IF NO COMPENSATION PAID FOR THE TIP

The United States Supreme Court, in Salman vs. United States, has held that an individual who supplied inside corporate information to a family member, but who did not receive any compensation therefor, still received a personal benefit for the information, and the tipee is thus liable. Readers who wish to review the decision can review it here.