New US Govt Rules Close Insider Trading Loophole

#Finance

story

FEB 2023

Image copyright: wsj

story last updated JAN 31

The Spin

Narrative A

This rule change is a good start, but corporate insiders have been abusing these loopholes since the rules were adopted more than 20 years ago. Thousands of insider trades have gone unpunished, and the SEC must act boldly to combat these illicit transactions. It will take more regulation to plug a two-decade gap.

Knowledge at Wharton

Narrative B

The SEC has done a great job of making the necessary change to address insider trading. The rule change marks a significant change to the previous law, and it should cut down on the exploitation of loopholes used by unscrupulous corporate insiders.

Paul