cary

“Fine Distinctions” in the Contemporary Law of Insider Trading

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William Cary’s opinion for the SEC in In re Cady, Roberts & Co. built the foundation on which the modern law of insider trading rests.  Today, we have a stable framework of three distinct legal theories—the classical theory, the misappropriation …

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Editor's Tweet: Professor Donald Langevoort of Georgetown Law has posted his new paper on Insider Trading. It includes a discussion of SEC v. Obus.

Memories of Bill Cary

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More than 30 years have passed since I completed the interviews for the first edition of The Transformation of Wall Street.

My interview with Bill Cary on October 28th and 29th, 1980 was particularly memorable.  I …

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Editor's Tweet: Famed securities law expert and historian Joel Seligman recounts his memories of SEC Chairman William L. Cary and his impact on the SEC