Contiene: 1. Overview of the law of insider trading.- 2. Statutory background.- 3. Elements of an insider trading claim.- 4. What is a security?.- 5. Scienter: trading "On the basis of".- 6. Materiality.- 7. Nonpublic information.- 8. Breach of duty: classical theory.- 9. Breach of duty: misappropriation theory.- 10. Tipper and tippee liability.- 11. Regulation fair disclosure.- 12. Obtaining information from corporate insiders.- 13. Aplication of the insider trading laws to government employees.- 14. Information sharing with market professionals.- 15. Use of paid consultants.- 16. Tender offers.- 17. Private investments in Public equity (PIPEs).- 18. Out-of-court restructurings, the bankruptcy context, and creditors´committees.- 19. Big boy letters.- 20. Civil and criminal enforcement.- 21. Penalties, short-swing profits, and whistleblower awards.- 22. Protecting firms though policies and procedures, training, and testing.- 23. Insider trading law in the United Kingdom.