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Tag: insider trading

EXCHANGE TRADING RULES, SURVEILLANCE AND INSIDER TRADING

by sofia | Posted on

Are rules and their enforcement effective at mitigating insider trading? A study shows that rules and surveillance together have the potential to mitigate the perpetration of market manipulation but also to exacerbate the profits from such manipulative activities. Insider trading can be facilitated by several forms of market manipulation that are not, strictly speaking, by

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CAN DISCRETION PREDICT DIRECTOR RETURNS?

by sofia | Posted on

Directors execute trades in their companies’ shares for a variety of reasons. Their actions may have information value for other investors seeking to mimic these strategies. This paper tests whether directors’ discretionary trading has a predictive value, and also provides a better understanding of the information flow in equity markets. Sean Hardy USYD, CIFR /

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