Joe Grundfest was mentioned by Law360 in “Akin Gump Lands Ex-SDNY Task Force Chief from Milbank”.

The group, which also includes U.S. District Judge Jed Rakoff and former SEC Commissioner Joseph Grundfest, seeks fixes or alternatives to the current insider trading prosecution regime, under which insider trading is typically charged as fraud under Section 10(b) of the Securities Exchange Act, though insider trading is not directly named as a prohibited act. The task force has proposed a 200-word model statute that could form the basis for a new law.