Matt Levine, Columnist

Insider Trading Needs a Law That Says What It Is

Practically all bad stuff with securities is lumped into a single statute.

May 4, 2018 at 6:13 PM EDT

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

Dollar amounts shouldn't be the only thing determining prison time.
Bloomberg

Before it’s here, it’s on the Bloomberg Terminal

LEARN MORE

This post originally appeared in Money Stuff.

Here are a blog post and related paper from Miriam Baer of Brooklyn Law School with the excellent title “Insider Trading’s Legality Problem,” describing one reason why it’s bad that there's no actual statute defining and prohibiting insider trading:

Before it’s here, it’s on the Bloomberg Terminal

LEARN MORE