Supreme Court Decision on Insider Trading Personal Benefit Standard and DOL Fiduciary Rule Delays

Supreme Court Decision on Insider Trading Personal Benefit Standard and DOL Fiduciary Rule Delays The passage outlines a court ruling that may affect future insider‑trading prosecutions and documents administrative delays to the DOL fiduciary rule by the Trump administration. While it mentions high‑level actors (President Trump, Reince Priebus, SEC, DOL), it provides no concrete allegations of misconduct, financial flows, or novel wrongdoing, limiting its investigative value. Key insights: Supreme Court rejected the ‘pecuniary or similarly valuable’ personal‑benefit requirement in insider‑trading cases (Sa/man case).; The ruling could make it easier for the SEC and prosecutors to bring insider‑trading cases based on gifts of information.; The Obama administration estimated conflicted advice cost savers $17 billion annually.