SEC prosecutes "shadow trading" where traders use insider info to invest in linked firms. Matthew Panuwat made $100,000 by trading options in a competitor based on MNPI. Court still deciding Panuwat's ...
On May 29, 2024, the Securities and Exchange Commission filed a motion for final judgment, seeking to impose civil penalties in its first enforcement action brought on the theory of “shadow ...
In this paper, the authors describe “shadow trading” as “a novel, undocumented phenomenon that corporate insiders can use to circumvent insider trading regulations and SEC scrutiny. The premise of ...