Matt Levine, Columnist

Insider Trading Isn’t So Simple

Also Sears, Deciem, Teslaquila, bond market liquidity and an art blockchain.

October 15, 2018 at 3:37 PM UTC

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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Insider trading.

I have quoted it before, but the Justice Department’s brief asking the Supreme Court to review the Newman insider trading decision is really one of the most interesting documents in insider trading law. Here is how it describes the work of stock analysts: