Publications
Publications
  • December 2019 (Revised November 2023)
  • Background Note
  • HBS Case Collection

Legal Analysis: Insider Trading Liability

By: Trevor Fetter, Eugene F. Soltes and Grant Wahlquist
  • Format:Print
  • | Language:English
  • | Pages:7
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Abstract

There are numerous restrictions against trading on material, nonpublic information (MNPI)—typically called “insider trading.” This note describes the limitations facing managers and investors as enforced civilly and criminally within the United States.

Keywords

Insider Trading; Legal Liability; Ethics; Crime and Corruption; Finance; United States

Citation

Fetter, Trevor, Eugene F. Soltes, and Grant Wahlquist. "Legal Analysis: Insider Trading Liability." Harvard Business School Background Note 320-080, December 2019. (Revised November 2023.)

About The Authors

Trevor Fetter

Accounting and Management
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Eugene F. Soltes

Accounting and Management
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