A Legal and Economic Analysis of Insider Trading: Establishing an Appropriate Sphere of Regulation

The development of insider trading law is examined, highlighting the ways in which legal analysis has strayed from the more salient economic concerns. US Supreme Court rulings on Rule 10b-5 of the Securities and Exchange Act are inadequate market protection.

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Bibliographic Details
Published in:Business & professional ethics journal 1989-07, Vol.8 (2), p.3-21
Main Author: Salbu, Steven R.
Format: Article
Language:English
Subjects:
Business ethics
Corporations
Court decisions
Economic analysis
Efficient markets
Fraud
Insider trading
Misappropriation
Misrepresentation
Securities fraud
Securities markets
Shareholders
Trade
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Description
Summary:The development of insider trading law is examined, highlighting the ways in which legal analysis has strayed from the more salient economic concerns. US Supreme Court rulings on Rule 10b-5 of the Securities and Exchange Act are inadequate market protection.
ISSN:0277-2027
2153-7828
DOI:10.5840/bpej1989829