Insiders, Watch Your Backs

A high court ruling sharpens the SEC's enforcement power

For nearly two decades, the Supreme Court has been Public Enemy No.1 for anyone bringing a securities fraud suit. It has shortened the time for filing cases and barred claims against lawyers, accountants, and investment bankers accused of aiding scams. And it has tossed out cases against printers and financial analysts accused of trading on or spreading inside information.

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