Supreme Court May Refine Rules on Insider Trading

The video discusses a legal case involving Bassam Yacoub Salman, who was prosecuted for insider trading after receiving confidential information from a family member. The case raises questions about the motivations of the original tipper and whether a pecuniary benefit is necessary for prosecution. The Supreme Court's decision could impact insider trading laws, with potential ties in the court due to its current composition. The case's outcome may influence future legal interpretations and enforcement of insider trading regulations.

What is the main legal question in the case involving Bassam Yacoub Salman?

• Whether Salman received a pecuniary benefit

• Whether the SEC can prosecute family members

• Whether the tipper had the right motivations

• Whether Salman was a family member

What is the current composition of the Supreme Court as mentioned in the case?

• Eight members

• Seven members

• Nine members

• Ten members

What could happen if the Supreme Court reaches a tie in their decision?

• The case is dismissed

• They wait for a ninth justice

• The decision is made by the President

• The case is retried in a lower court

What concern did Greg Preparar express regarding the case?

• It could lead to more insider trading

• It could reduce insider trading

• It could increase SEC's power

• It could affect international trade

What aspect of the Second Circuit's decision is the Supreme Court considering?

• Whether the insider was looking to make money

• Whether the insider was a family member

• Whether the insider was a company employee

• Whether the insider was a government official