Insider Trading Rules Extend to Psychotherapy

OPEN MINDS The Behavioral Health & Social Service Industry Analyst Industry News Federal Judge Miriam Goldman Cedarbaum has ruled that Robert Howard Willis, M.D., a psychiatrist, can be charged with insider trading for allegedly buying BankAmerica Corporation stock on information that he allegedly received from a patient during therapy. The case breaks new ground in may ways, according to Wade Lamber and Edward Felsenthal’s article in the May 17, 1990 issue of The Wall Street Journal. The case is the first to accuse a doctor of trading on confidential patient information and the first to apply a federal . . .