The Bizarro World of Insider-Trading Regulation

Unintentionally funny line yesterday from state radio:

[Law professor Steve Thel] says the SEC’s been under pressure for years to clarify the definition of insider training, but the commission has been reluctant. Regulators worry if the rule is defined too tightly, it’ll be harder to enforce.

To understand insider-trading regulations, read Henry Manne, early and often.

Peter G. Klein is a Research Fellow, Associate Editor of The Independent Review, and Member of the Board of Advisors of the Center on Culture and Civil Society at the Independent Institute.
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