Delve: Insider Trading by Congress? It's Time to Fix the Law
The 鈥渃oronavirus trades鈥 made by Sen. Richard Burr (R-N.C.) and his wife just prior to the March 鈥20 market crash raise these questions and signal the need for changes to the law. Some proposals go as far as banning stock trading by members of congress outright. The other extreme is to allow full discretion. The right solution, according to 海角社区鈥檚 Patrick Augustin and co-authors, is in between: Only allowing public officials to trade securities based on broad market indices.
This article is brought to you by Delve, the official thought leadership publication of 海角社区's Desautels Faculty of Management.
听
Bringing Insight to the Surface
Founded in 2019, Delve is the official thought leadership publication of 海角社区鈥檚 Desautels Faculty of Management. Under the direction of Professor Saku Mantere, inaugural Editor-in-Chief, Delve features the latest in management thinking that stretches perspectives, sparks new ideas, and brings clarity to decision-makers at all levels and across sectors.
Feedback
For more information or if you would like to report an error, please web.desautels [at] mcgill.ca (subject: Website%20News%20Comments) (contact us).