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...case law maintains that two main things must be established for an act to be illegal insider trading. First, the information in question must be material and non-public. Second, revealing or trading on the information must entail knowingly breaching a duty of "trust or confidence." This can be a fiduciary duty, which an officer of a company would have to a firm's shareholders (perhaps an Intel managing director), or - as the Supreme Court has more recently found - a lower-level employee who has a broader duty to not share, or personally benefit from, his firm's proprietary information...

Author: /time Magazine | Title: Arrests Open a Window on Hedge-Fund Culture | 10/21/2009 | See Source »

...While Vickers says his research proves the co-authorship of Edward III beyond a doubt, he's yet to convince all of his fellow Shakespeare experts. Says Stanley Wells, chairman of the Shakespeare Birthplace Trust, the largest Shakespeare preservation group in Britain, "I'm not yet sure we've reached the stage yet that we can be sure of authorship without attacking it from many different angles," such as investigating metrics, classical allusions and signature abbreviations. "One of the problems of this sort of thing is that it's not easy to pronounce on the evidence without doing...

Author: /time Magazine | Title: Plagiarism Software Finds a New Shakespeare Play | 10/20/2009 | See Source »

...inquisitive and interesting. His broadcasts offer his opinion, and I choose whether to investigate his ideas or not. He doesn't regurgitate the morning news and he is adorable, even when I disagree with him. Politicians clearly despise middle-class Americans who dare to question them. Should we trust Washington more? Please recognize the real story of Beck's fans: we're everyday working people concerned about the future of our country, and we don't like censorship. Melissa Odom, MILTON...

Author: /time Magazine | Title: China's Future | 10/19/2009 | See Source »

Beck is a man we can trust to tell it "like it really is." We little ol' unimportant taxpayers with no tax loopholes are just looking for accountability and transparency in government, as we were promised and as we expect. Lori Horan, MUSKEGON, MICH...

Author: /time Magazine | Title: China's Future | 10/19/2009 | See Source »

...doesn't regurgitate the morning news. Bill Maher's gibes are too personally directed, while Beck is adorable, even when I disagree with him. Is profitability not a concern for TIME, Newsweek or Oprah? Politicians clearly despise middle-class Americans who dare to question them. Should we trust Washington more? Please recognize the real story of Beck's fans: we're everyday working people concerned about the future of our country, and we don't like censorship. Melissa Odom, Milton...

Author: /time Magazine | Title: Inbox | 10/19/2009 | See Source »

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