a. Insider trading law has been described as a field largely belonging in the arena of common

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a. Insider trading law has been described as a field largely belonging in the arena of common law rather than arising from statutes (e.g., Langevoort 2020). Why might insider trading in some respects be said to belong in the arena of common law?

b. Describe how the SEC and the Supreme Court of the United States approaches to the legality (or illegality) of insider trading differ.

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