Supreme Court narrows insider‑trading standard in Salman case, lowering proof burden for gifts to family/friends

Supreme Court narrows insider‑trading standard in Salman case, lowering proof burden for gifts to family/friends The passage discusses a legal precedent that changes the standard for insider‑trading liability. It does not identify any specific individuals, transactions, or wrongdoing beyond the abstract legal rule, nor does it link powerful actors to misconduct. It is useful for understanding case law but offers no actionable investigative leads. Key insights: Supreme Court affirmed Salman conviction, rejecting the need for a pecuniary benefit in tip‑per cases involving family/friends.; The decision narrows the Second Circuit’s Newman standard, making it easier for the government to prove insider‑trading tips.; The ruling relies on circumstantial evidence such as phone logs rather than direct proof of trading on inside information.