The actual act of stealing confidential information from one's employer and using it to trade securities based on this insider knowledge. This theory can be expanded to include the use of insider knowledge to profit from buying or selling shares in any company, and not just one's own employer.
Related information about misappropriation theory:
- Misappropriation Theory Definition | Investopedia
... the misappropriated insider knowledge. In the United States, a person guilty according to the misappropriation theory will likely be convicted of insider trading.
- Insider trading - Wikipedia, the free encyclopedia
A newer view of insider trading, the misappropriation theory, is now part of US law. It states that anyone who misappropriates (steals) information from their ...
- The Misappropriation Theory of Insider Trading in the Supreme ...
Court Misappropriates The Misappropriation Theory, 32 WAKE FOREST L. REv. ... Abandons Textualism to Adopt the Misappropriation Theory, 25 FORDHAM ...
- Misappropriation Theory Law & Legal Definition
Misappropriation theory is based on the doctrine that a person who uses confidential information in a wrongful manner to buy or sell securities is guilty of ...
- What is misappropriation theory? definition and meaning
Definition of misappropriation theory: The actual act of stealing confidential information from one's employer and using it to trade securities based on this insider ...
- Wikipedia's flawed entry on misappropriation-based insider trading ...
Mar 31, 2011 ... The "misappropriation theory" holds that a person commits fraud "in connection with" a securities transaction, and thereby violates §10(b) and ...
- 521 US 642 - Justia US Supreme Court Center
The Eighth Circuit reversed all of the convictions, holding that § 10(b) and Rule 10b-5liability may not be grounded on the "misappropriation theory" of securities ...
- The Misappropriation Theory of Insider Trading - Marquette Law ...
Debate Future of Misappropriation Theory After Bryan, 27 SEC. REG. & L. REP ... misappropriation theory has evolved into the S.E.C.'s preeminent prosecutorial ...