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TITLE [Violation of the Securities and Exchange Act]Supreme Court Decision 2000Do90 Delivered on January 25, 2002 [full Text]
Summary
[1] Whether there is a violation of Article 188-2 (1) of the Securities and Exchange Act, when a person who received a undisclosed inside information subsequent to such information was received by the second information recipient who received the same information on a different occasion from that of the first information recipient in which he received the same information originally, when such first recipient acquired the undisclosed inside information from an insider, uses such inside information or has another person use such information by a sale or purchase of securities (negative) [2] Whether the second recipient of undisclosed inside information may be penalized as a co-principal offender of the first recipient of such undisclosed inside information for a violation of Article 188-2 (1) of the Securities and Exchange Act, when the second recipient of the information used undisclosed inside information subsequent to the receipt of such information from the first recipient (negative)
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