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Must-read: Fortune's 'Overturned--The Hedge Fund Trader Who Beat the Feds'

Bruce Carton | August 26, 2016

The September 1, 2016 issue of Fortune has a terrific article by William D. Cohan about former hedge fund manager Todd Newman entitled, "Overturned: The Hedge Fund Trader Who Beat the Feds." Newman, you may recall, was the defendant in a hugely important insider trading decision -- U.S. v. Newman -- that has had a major impact on how prosecutors and the SEC pursue insider trading cases.

The Second Circuit's decision in Newman, which the U.S. Supreme Court declined to review in October 2015, requires prosecutors to establish “proof of a meaningfully close personal relationship [between the tipper and tippee] that generates an...

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