U.S. Supreme Court Backs Insider-Trading Prosecutions

The Supreme Court ruled unanimously that insider trading can be prosecuted even if the insider did not receive a tangible benefit, as long as the information was given as a gift to a friend or relative. This decision is significant for prosecutors, making it easier to pursue insider trading cases, although it does not overturn all aspects of previous rulings like the Newman case. The ruling is seen as a boost for prosecutors like Preet Bharara, who have been pursuing high-profile cases. The decision was unexpected in its unanimity and speed, given the court's previous reluctance to review similar cases.

How does this ruling relate to previous cases, such as the Newman case?

What was the significance of the Supreme Court's unanimous decision in this case?