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The Supreme Court is likely to make it easier to prosecute insider trading

Rachael Levy,ReutersOct 5, 2016, 20:59 IST

Win McNamee/Getty Images

The Supreme Court sounds like it will make it easier to prosecute insider trading, in a highly-watched case that could affect hedge fund managers and other traders.

U.S. Supreme Court justices hearing a closely watched insider trading case indicated on Wednesday they could issue a ruling that would make it easier for prosecutors to pursue such charges.

Several justices hearing arguments in the case of Illinois man Bassam Salman appeared critical of his position that he could not be convicted for trading on tips about deals involving clients of Citigroup Inc, where his brother-in-law worked.

(Reporting by Nate Raymond; Editing by Will Dunham)

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