Economics, Econometrics and Finance
4 years ago

Government insider trading amendment leads to worsened stock market conditions.

Journal of Business Ethics
On the Ethics of “Non-Corporate” Insider Trading
Benjamin M. Blau, Todd G. Griffith, Ryan J. Whitby

Paper Summary

Insider trading by government officials can harm investors. A study looked at how a law change affected stocks owned by Congress members. After the change, these stocks became harder to sell and their prices became more unpredictable. This shows that non-corporate insider trading can hurt investors.

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