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Stock impact report

SEC Wins Trial in Novel ‘Shadow' Insider Trading Crackdown [BNN Bloomberg (Canada)]

Incyte Corporation (INCY) 
Last incyte corporation earnings: 2/13 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: incyte.com/ir/investor-overview.aspx
Company Research Source: BNN Bloomberg
from using non-public information about their own company to place bets on rival stocks. The closely watched two-week San Francisco civil trial was the regulator's first enforcement action targeting so-called shadow trading, a widespread phenomenon that researchers say has gone largely unchecked. Congress has never explicitly defined insider trading, leaving courts to decide when the SEC oversteps its authority. Friday's verdict comes as SEC enforcement chief Gurbir Grewal has brought cases that have pushed the agency into new territory — and also drawn criticism that the regulator has stretched its powers beyond its jurisdiction. It followed a big victory for the SEC's efforts to assert greater control over cryptocurrency when a jury in New York hours earlier found Terraform Labs Pte. and co-founder Do Kwon liable for fraud over the firm's 2022 collapse. In the San Francisco case, the SEC argued that former Medivation Inc. executive Matthew Panuwat broke the law when he learned Show less Read more
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