Article

Prosecuting Insider Trading in the AI Era

Business Law Today
By David L. Axelrod and Lauren Engelmyer
February 20, 2026

David L. Axelrod and Lauren Engelmyer, both partners in Ballard Spahr's Litigation Department, wrote for Business Law Today about how the ever-evolving AI industry has impacted insider trading and subsequent prosecution. A query that results in analysis which supports buying a certain stock, for example, could be used as a defense against accusations of trading with material nonpublic information, or MNPI.

David is Practice Leader of the firm's Securities Enforcement and Corporate Governance Litigation Group, of which Lauren is also a member.

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