... century before the stock market became such a vital part of our lives. But as the 1960's arrived and illegal insider activity began to pick up, courts were handcuffed by this vague definition. So judicial members were forced to interpret "on the fly" since Congress never gave a concrete definition. As a result, two theories of insider trading liability have evolved over the past ... 1961 SEC administrative case of Cady Roberts. This was the SEC's first attempt to regulate securities trading by corporate insiders. The ruling paved the way for the traditional way we define insider trading...

• Word Count: 1800
• Approx Pages: 7
• Has Bibliography
• Grade Level: High School