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November 1, 2019Kenneth Geisler II
Hacking Wall Street: Reconceptualizing Insider Trading Law For Computer Hacking and Trading Schemes
Kenneth Geisler II: Current securities law is ill-equipped to deal with computer hackers. He says unlike the typical defendants in insider trading cases, hackers owe no fiduciary duty to shareholders. He argues the SEC has relied on a novel theory of liability that treats hacking and trading as a form of deception.