What’s the Harm in Issuer-Licensed Insider Trading?
BY JOHN P. ANDERSON, 69 U. Miami L. Rev. 795 (2015). Introduction: I have argued elsewhere that insider trading is morally harmless where the issuer approves the trade in advance and has disclosed that it permits such trading pursuant to published guidelines. I have also suggested that reforming the law to permit such issuer-licensed insider trading “would […]