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Casting a Long Shadow: Assessing the Panuwat Insider Trading Case
inSecurities
English - April 25, 2024 13:47 - 41 minutes - 57.6 MBNews Business Non-Profit Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Arbitrary Materiality Standards and “Walking the SPAC Plank”
In April 2024, the SEC prevailed on insider trading charges against Matthew Panuwat, relying for the first time on a theory known as “shadow trading.” Nick Morgan of ICAN and Steve Cazares of Orrick join the inSecurities Podcast to discuss an amicus brief ICAN submitted in the Panuwat litigation, policy arguments against the “shadow trading” theory of liability, and the future of “shadow trading” cases for the SEC and DOJ.