Partner H. Gregory Baker speaks to CFO about possible changes to laws on insider trading, including proposed legislation H.R. 2534 (the Insider Trading Prohibition Act), noting that clarification of current legal standards may result in an increase in prosecutions. He says: “H.R. 2534 would potentially make it easier to prosecute corporate executives who communicate [material nonpublic information] in breach of a duty, because the proposed bill expands upon the types of duties [e.g., a breach of a confidentiality agreement, a breach of contract, or a breach of any other personal or other relationship of trust and confidence] … that ultimately give rise to liability.”