The think-tank arm of the CFA Institute Centre has called for US regulators to revise legislation protecting investors, after a court found in favour of two companies in the latest case of shareholders suing over alleged insider trading.
The Chartered Financial Analystsâ Financial Market Integrity department said it had "expressed its disappointment" with the US Supreme Court over shareholder lawsuits following a ruling which cleared cable television box makers Scientific-Atlanta and Motorola of alleged accounting fraud in 2000.
