Insider Trading

Law, Ethics, and Reform

AvJohn P. Anderson

Inbunden, Engelska, 2018

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Beskrivning

As long as insider trading has existed, people have been fixated on it. Newspapers give it front page coverage. Cult movies romanticize it. Politicians make or break careers by pillorying, enforcing, and sometimes engaging in it. But, oddly, no one seems to know what's really wrong with insider trading, or - because Congress has never defined it - exactly what it is. This confluence of vehemence and confusion has led to a dysfunctional enforcement regime in the United States that runs counter to its stated goals of efficiency and fairness. In this illuminating book, John P. Anderson summarizes the current state of insider trading law in the US and around the globe. After engaging in a thorough analysis of the practice of insider trading from the normative standpoints of economic efficiency, moral right and wrong, and virtue theory, he offers concrete proposals for much-needed reform.

Produktinformation

Utgivningsdatum:2018-06-07
Mått:156 x 236 x 20 mm
Vikt:510 g
Format:Inbunden
Språk:Engelska
Antal sidor:272
Förlag:Cambridge University Press
ISBN:9781107149199

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Folkrätt inom Juridik

Mer om författaren

John P. Anderson is a professor at the Mississippi College School of Law. He practiced in the areas of Securities Enforcement and White Collar Criminal Law at the Washington, DC law firms of Eversheds Sutherland and Wilmer Cutler Pickering Hale & Dorr before entering academia. Anderson has won numerous teaching awards and has published several articles in top law reviews and peer review journals on the topics of insider trading, legal and political philosophy, and business ethics. He received a Ph.D. in Philosophy and a J.D. from the University of Virginia, and a B.A. in Philosophy from the University of California, Berkeley.

Recensioner i media

'This book provides a richly textured account of insider trading, offering historical, comparative, philosophical, and economic perspectives on this vexed practice. Anderson argues persuasively that the American law of insider trading is badly in need of reform, and offers compelling proposals for getting it back on its feet. This book will be an essential reference on insider trading law for years to come.' Eric Posner, Kirkland and Ellis Distinguished Professor of Law, Arthur and Esther Kane Research Chair, University of Chicago Law School

Innehållsförteckning

Acknowledgments; Introduction; Part I. Law: 1. Early development of insider trading law in the United States; 2. Federal regulation and the modern era; 3. The problem of vagueness in the law; 4. Injustice, incoherence and irrationality – time for regime change; 5. The global experience; Part II. Ethics: 6. From Cicero to Laidlaw: two thousand years of debate over the propriety of information asymmetries; 7. The efficient, the right, the good, and legal reform; 8. The economics of insider trading; 9. Is insider trading morally wrong? 10. Greed, envy, and insider trading; Part III. Reform: 11. The path forward – an outline for reform; Index.