id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
cblr-1800	Langevoort, Donald C.	“Fine Distinctions” in the Contemporary Law of Insider Trading	2013	4	.pdf	application/pdf	2166	86	49	In celebration of the perceived virtues of state-law primacy that Cary instead found so disturbing, the Supreme Court said that fraud under Rule 10b-5 means real deception, nothing less.7 That left insider trading law in an awkward place, because no one has ever been able to articulate a robust theory of harmful marketplace deception arising from insider trading. The Supreme Court’s decision in Chiarella v. United States in 1980 cut back on the law’s scope, but still sustained the fiction of insider trading as actionable deception.9 The core of insider trading regulation was left standing.	cache/cblr-1800.pdf	txt/cblr-1800.txt