Abstract
A recent Note in this Review argued that a cause of action should be available under rule Iob-51 for traders of options on corporate stock against insider traders of options on the same stock.2 Surprisingly, the Note ignored the fact that Congress has already approved such an action in 20(d) of the Insider Trading Sanctions Act of I984.3 The Note acknowledged that section 20(d) . . . ma[de] insider trading or tipping in stock options unlawful to the same extent as trading or tipping in the underlying security, but the author erroneously concluded that [t]his provision applies only to SEC enforcement suits.4 The Note's restrictive interpretation is plainly wrong. Section 2o(d) provides:
Published Version
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