Federal prosecutors can continue to press insider- trading charges against people who aren't true company insiders, the Supreme Court ruled Wednesday.

The nation's highest court refused to rein in the government's power to pursue charges against investors who profit from inside information about a company, yet have no formal connection to that company.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.