• Shadow Insider Trading, The Panuwat Case

  • Mar 1 2024
  • Length: 15 mins
  • Podcast

Shadow Insider Trading, The Panuwat Case

  • Summary

  • Welcome to The Woody Report, where, Washington & Lee, School of Law Associate Professor Karen Woody and host Tom Fox discuss issues on white collar crime, compliance issues, international corruption, securities and accounting fraud, and internal corporate investigations. From current events to topical issues to academic research and thought leadership, Karen Woody helps lead the discussion of these issues on the new and exciting podcast. In this episode, Tom and Karen explore the upcoming trial of Matthew Panuwat over claims of Shadow Insider Trading. The shadow insider trading case involving Matthew Panuwat is a groundbreaking trial that could redefine the boundaries of insider trading. The Securities and Exchange Commission (SEC) is prosecuting Panuwat for allegedly making around $107,000 by trading in Insight, a company similar to his own, Medivation, based on non-public information about Medivation. This case emphasizes the importance of maintaining confidentiality and integrity in the workplace and could impact insider trading liability by addressing shadow trading and its implications for securities laws. Tom views this case as a significant and novel one brought by the SEC, highlighting the concept of shadow trading, where companies are economically linked in such a way that trading on one company’s information can be considered insider trading in another. On the other hand, Karen Woody aligns with the SEC’s argument that Panuwat’s actions were not right, emphasizing the importance of following insider trading laws and regulations. Check out this most fascinating case. Key Highlights: Insightful Shadow Trading in Panuwat Trial Redefining Insider Trading through Shadow Trading Practices Expanding Industry-Wide Prohibition on Insider Trading Resources: Karen Woody on LinkedIn Karen Woody at Washington & Lee, School of Law Tom Fox Instagram Facebook YouTube Twitter LinkedIn For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.
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