He points me to a paper by Donna Nagy. I will be curious to see if a prosecutor does anything with it.
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3 comments:
I think the author is right. SEC rule 10b5-2 is broadly written, dealing with "the purchase or sale of securities on the basis of, or the communication of, material nonpublic information misappropriated in breach of a duty of trust or confidence."
The rule is short, and you can find it here:
http://taft.law.uc.edu/CCL/34ActRls/rule10b5-2.html
From scanning the article, it seems to come down to questions of whether:
* The SEC would pursue civil actions, and
* The DOJ would pursue criminal actions.
I'm not optimistic, but it might take trying one or two egregious cases to make it all stop.
This was on Freakonomics a few months ago, referencing a recent paper looking at investment returns of congressmen:
http://www.freakonomics.com/2011/05/25/politics-pays-evidence-of-insider-trading-among-congressmen/
DAVE LINDAHL say that, if you want to get rich in no matter of time, then real estate investing would be the best way; inexorably when we think of real estate investing; we foresee a residential rental, either a unit or a house in fact, the real estate industry is much bigger than that. Nevertheless, there are several things that will help you to make money in this particular field.
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