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Quotation from Dirks v. SEC by Supreme Court of the United States
“As the facts of this case clearly indicate, the tippers were motivated by a desire to expose the fraud.”
Dirks v. SEC, Opinion of the Court (Justice Powell), Part IV (U.S. Reports text (Legal Information Institute))
Justice Powell applies the personal-benefit test to Secrist and the other Equity Funding employees.
Citation: "As the facts of this case clearly indicate, the tippers were motivated by a desire to expose the fraud." — Supreme Court of the United States, Dirks v. SEC, Opinion of the Court (Justice Powell), Part IV (U.S. Reports text (Legal Information Institute)). (id dirks-v-sec-q4)
Portrait: US Supreme Court Justice Lewis Powell - 1976 official portrait, Color negative by Robert S. Oakes, Public domain.
