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Articles on Insider trading

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The most in-the-know insiders earned three times as much as the typical investor in any given month. Witthaya Prasongsin/Moment via Getty Images

Insider trading − the legal kind − is a lot more profitable if you work for a multinational company

Executives and other high-level inside traders at US companies with global sales earned about three times as much in a month as the average investor, a new study found.
According to the authors, investment banking is a sector particularly prone to unethical behaviour. Timothy A.Clary/AFP

Could better regulation reconcile trading and ethics?

The regulatory apparatus designed to oversee investment banking is structurally flawed. To spawn ethical behaviour within traders will require nothing less than a sector-wide cultural change.
Gordon Gekko of ‘Wall Street’ may be the fictional face of insider trading. Ilona Gaynor/flickr

What’s insider trading and why it’s a big problem

A bipartisan group of US lawmakers is pushing for a ban on active trading by members of Congress following accusations that some of their colleagues may have engaged in insider trading.
Michael Douglas in Wall Street: Money Never Sleeps (2010)

Insider trading has become more subtle

Chief executives have moved on from buying while spreading bad news. They’re buying while spreading uncertainty.
Stockbroker Oliver Curtis leaves at lunchtime with his wife Roxy Jacenko at the Supreme Court of New South Wales in Sydney. David Moir/AAP

Insider trading is greedy, not glamorous, and it hurts us all

It doesn’t matter how much Oliver Curtis and John Hartman stood to gain from insider trading, what matters is what we all lose from market tampering.
Insider trader Lukas Kamay will serve a minimum of four-and-a-half years in prison. Julian Smith/AAP

Seven-year sentence for insider trading unlikely to deter others

The sentences handed to insider traders Lukas Kamay and Christopher Hill send a strong message, but preventing the opportunity for such crimes to occur is just as important.
Regulators like ASIC are turning to metadata to help make their cases against white collar criminals. Image sourced from Shutterstock.com

White collar crime and metadata: beware of building a new honeypot

Businesses as well as individuals could soon see their metadata retained, making the data storage points even more attractive to criminals.
Screen shot at PM.

Infographic: insider trading in Australia

The typical insider trader is male, aged between 30 and 49, and holds a company director position, according to a new study from researchers at the University of Melbourne. The study analysed all insider…
On the retreat. Hedge fund manager Steve Cohen. Justin Lane/EPA

SAC Capital and the curious economics of insider trading

A US judge has approved a US$1.2 billion settlement and accepted a guilty plea by hedge fund SAC Capital in what has been described as the largest insider trading settlement in the country’s history. Eight…
ASIC Commissioner Greg Tanzer has this week faced the scrutiny of a Senate committee hearing. AAP/Paul Miller

Low penalties, high costs: ASIC needs legislative reform

In 2005, the Federal Court faced the difficult task of arriving at a penalty for Steve Vizard after he was found in breach of his duties as a director of Telstra. In his judgment, Raymond Finkelstein criticised…
Former Gunns chairman John Gay is the most senior executive to have been convicted of insider trading in Australia. He received a fine of $50,000. David Beniuk/AAP

Insider trading gets more scrutiny, but convictions may not flow

The Australian Securities and Investments Commission is moving to “real-time” monitoring of share trading as another weapon in the ongoing fight against insider trading. But will the use of this form of…

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