The Federal court will hear the case of the President for the first time.
The act of Inside trading is a criminal act before the law and any one caught guilty are sent to prison of fined.
If the President of a large corporation is accused of violating the federal laws on Inside trading, then, his case will be rule by the Federal court because the case in an offense to the federal law and not the state law.
Therefore, the Federal court will hear the case of the President for the first time.
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