![]() The court will hear arguments in Salman v. Today, the Supreme Court is trying to figure out the answer to those questions. Is their family relationship enough to justify convicting the brother-in-law for insider trading? Or did the banker need to receive something tangible - say, a fancy new car or a duffel bag full of cash - in return? ![]() There’s no evidence that the banker received compensation for leaking the information, other than possibly some warm fuzzies for helping a family member make a lot of money. The brother slips the tip to his brother-in-law, who uses the information to make more than $1 million from trading he did ahead of the deals. An investment banker passes along a tip to his brother about upcoming mergers involving his bank’s clients.
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