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Antitrust and Trade Regulation

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University of Tennessee College of Law

Insider trading in securities

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Martha Stewart: Insider Trader?, Joan Macleod Heminway Jan 2008

Martha Stewart: Insider Trader?, Joan Macleod Heminway

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The public is justifiably confused. Most who know the story believe that Stewart sold her ImClone shares while in possession of nonpublic information that had the potential to move the market in ImClone shares. This type of unfairness in stock trading commonly is thought to constitute insider trading; those who have an inside track to market-sensitive information should not be able to trade on it.

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