WASHINGTON—The Supreme Court poured cold water on the government’s efforts to aggressively prosecute insider trading on Wednesday, saying a proposed approach to determine what is illegal was unworkable. “I’m not sure that your solution is going to clarify much of this area,” Justice Sonia Sotomayor said to a Justice Department lawyer arguing on behalf of the government. “It’s kind of a hazy line to draw, isn’t it?” Chief Justice John...

Source: Wall Street Journal October 05, 2016 16:51 UTC