By Stephen M. Schultz and Jamie L. Nash
If we’ve learned anything from the trial of former Galleon Group chief Raj Rajaratnam it’s that what you know is less important than how you know it.
In the view of the U.S. Securities and Exchange Commission, a person can be guilty of insider trading if he possessed material non public information at the time of trading even if he also had sufficient public information to support his trading decisions.
