Professor John C. Coffee, Jr. of Columbia Law School speaks with John Metaxas (Columbia Law ’84) about insider trading law and his role on a new task force created to develop proposals for reform in this area. The task force will be chaired by Preet Bharara (Columbia Law ’93), the former U.S. attorney for the Southern District of New York. Coffee explains that the time is ripe for the panel, given uncertainty surrounding the largely court-created rules on insider trading and the need for clearer guidance from Congress or the Securities and Exchange Commission. The panel’s members will include academics, prosecutors, defense lawyers, former regulators, and judges such as U.S. District Judge Jed S. Rakoff, who is an adjunct professor at Columbia Law School.
John Metaxas broadcasts at WCBS and Bloomberg and podcasts at WallStreetNorth.com.