Anti-Bribery and Anti-CorruptionAnti-Money LaunderingCommodity Futures Trading Commission (CFTC)Insider TradingInternal InvestigationsPrivacy and CybersecuritySanctions

US

UK

FRANCE

Compliance

Enforcement

• Statutes and Official Guidance

• Insider Trading Overview

• Statute of Limitations

• Who May be Liable for Insider Trading?

• Element: Jurisdiction

• Spotlight on the Extraterritorial Reach of Insider Trading Laws

• Element: Trading While in Possession

• Element: Material, Non Public Information (MNPI)

• Element: Breach of a Duty

• Classical Theory: Breach by a Corporate Insider

• Misappropriation Theory: Breach by a Corporate Outsider

• Element: In Exchange for Value

• Element: Knowledge and Scienter

• Alternative Criminal Basis of Insider Trading Liability: Conspiracy

• Conspiracy to Defraud the US

• Alternative Basis of Criminal Liability: Wire Fraud

• Alternative Basis of Criminal Liability: Securities and Commodities Fraud under 18 USC § 1348

• Defenses

• The Safe Harbor Defense under Rule 10b5-1

• The STOCK Act