CADY, ROBERTS & CO., 40 SAEC 907 (1961) — CASE ANALYSIS
This case analysis is based on the first case that has shaped today’s insider-trading law. Through this, the SEC had become the torch-bearer for the world that, insider trading meant much beyond manipulation of markets. Beyond this case, jurisprudence evolved that has had a great impact on the insider trading law as we see it today. This article deals with the Cady, Roberts & Co. Case in detail and thereafter deals with how the insider trading jurisprudence evolved in the United States of America along the ‘possession’ v. ‘use’ debate. Lastly, it deals with how, if this case was to happen today, Indian law would deal with the same set of facts.