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.
The SEC is investigating whether executives at First Republic Bank, which was seized by regulators and sold to JPMorgan Chase, improperly traded on inside information.
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.
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.
Did members of Congress illegally sell stocks after getting inside information about the pandemic from federal officials? A former lawyer for the House says proving such cases is very difficult.
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.
Charis Palmer, The Conversation and Emil Jeyaratnam, The Conversation
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