S.E.C. v. MATERIA

No. 66, Docket 84-6043.

745 F.2d 197 (1984)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff-Appellee, v. Anthony MATERIA, Defendant-Appellant.

United States Court of Appeals, Second Circuit.

Decided October 1, 1984.


Attorney(s) appearing for the Case

Martin H. Kaplan, Gusrae, Kaplan & Bruno, New York City (Mark J. Astarita, New York City, on brief), for defendant-appellant.

Daniel L. Goelzer, Jacob H. Stillman, Rosalind C. Cohen, Robert Mills, Elizabeth E. Ashcraft, S.E.C., Washington, D.C. (Paul Gonson, Washington, D.C., of counsel), for plaintiff-appellee.

Before KAUFMAN, MESKILL and PIERCE, Circuit Judges.


IRVING R. KAUFMAN, Circuit Judge.

Our era aptly has been styled, and well may be remembered as, the "age of information." Francis Bacon recognized nearly 400 years ago that "knowledge is power," but only in the last generation has it risen to the equivalent of the coin of the realm. Nowhere is this commodity more valuable or volatile than in the world of high finance, where facts worth fortunes while secret may be rendered worthless once revealed.

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