About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

50 Vand. L. Rev. 1091 (1997)
Statutory Findings and Insider Trading Regulation

handle is hein.journals/vanlr50 and id is 1133 raw text is: VANDERBILT LAW REVIEW VOLUME 50 OCTOBER1997 NUMBER 5 Statutory Findings and Insider Trading Regulation Steve Ther I. INTRODUCTION ..................................................................... 1092 II. THE DEVELOPMENT OF THE MISAPPROPRIATION DOCTRINE AND RULE 14E-3 ................................................................... 1097 A. Insider Trading and Deception ............................... 1097 B. The Misappropriation Doctrine and Rule 14e-3 .... 1100 C. The Attack on the Misappropriation Doctrine and R ule 14e-3 ................................................................ 1105 III. THE 1988 ACT AND THE SEC's POWER TO REGULATE INSIDER TRADING ................................................................ 1107 A. The 1988 Act and the Law of Insider Trading ....... 1108 B. The Scope of the 1988 Findings .............................. 1111 IV. THE EFFECT OF THE 1988 FINDINGS ................................... 1116 A. The Legislative Vision of Insider Trading Law ..... 1116 B. Are Statutory Findings Binding? ........................... 1121 C. Why Findings? ......................................................... 1129 V. CONCLUSION ........................................................................ 1133 * Professor, Fordham University School of Law. I am grateful to Marc Arkin, Steve Bainbridge, Jim Brudney, Victor Brudney, Perry Dane, Jill Fisch, Martin Flaherty, Phil Frickey, Don Langevoort, Mark Patterson and Adam Pritchard for their help with this Article. This Article was substantially complete when the Supreme Court granted certiorari in United States v. O'Hagan, 1997 U.S. LEXIS 4033 (June 25, 1997), which is discussed herein. I participated in the preparation of an amicus brief supporting the government in that case, filed on behalf of the North American Securities Administrators' Association, Inc., and a group of law professors. The statutory findings discussed in this Article were also discussed in that brief. 1091

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most