Dirks v. Securities & Exchange Commission

2/20/2024 pdw

Paul Weitzel,

Paige G. DuRandt,

Lauren M. Kubat,

Jacob H. Owens, CPA

Raymond Dirks received a tip from an employee at Equity Funding that Equity Funding was committing fraud. The employee asked Dirks to investigate and report the fraud. Dirks investigated, and told others what he had heard. He never traded on the information, but those he discussed it with did. Did Dirks violate the securities laws by telling others about the tip?

Supreme Court of the United States

463 U.S. 646, 77 L. Ed. 2d 911, 103 S. Ct. 3255, 1983 U.S. LEXIS 102, SCDB 1982-152

No. 82-276

1983-07-01

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