All articles tagged with #inside information
Miami Heat player Terry Rozier is seeking to dismiss federal gambling charges by arguing that the law he allegedly violated does not apply to his actions, citing a recent Supreme Court ruling that limits the scope of federal fraud laws related to inside information and betting.
The NFL has not commented on whether it will investigate allegations that former receiver Mecole Hardman leaked game plan specifics prior to matches against the Chiefs and the Eagles. The league's gambling policy prohibits the sharing of confidential, non-public information regarding any NFL game or event, with an indefinite suspension of at least one year as punishment. The situation should be taken seriously as it could potentially reveal broader issues within the league's handling of inside information.
A former Goldman Sachs analyst, accused of insider trading, has denied knowingly possessing inside information during his trial. The analyst is facing charges related to trading on non-public information about impending mergers and acquisitions. He claims that he did not know the information was confidential and that he did not benefit financially from the trades. The trial is ongoing.