Shadow trading – a new chapter in Insider Trading? Learnings from US SEC

Shadow trading – a new chapter in Insider Trading? Learnings from US SEC

Key Takeaways

  • In a novel case of Shadow Trading, California District Court held that MNPI about one company could count as MNPI for another company if they are economically linked
  • What is Shadow Trading? What is the concept of economically linked entities? How is international jurisprudence developing on Shadow Trading?
  • US law differs from Indian law on grounds of knowledge, materiality and intention – to that extent Indian law, arguably, maybe more equipped to deal with these situations
  • PE funds with multiple verticals or EFMs, and listco boards should consider revising UPSI/ MNPI policies to factor-in economically-linked companies

I would like to subscribe to future updates

I do not wish to share my email

Register Now

Thank you for registering for our event - Energy Transition - Evolving Structures and Strategies

Please allow us to confirm your registration through email shortly.