The Bizarro World of Insider-Trading Regulation
By Peter Klein • Tuesday October 20, 2009 6:06 AM PDT •
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.