How Effective is US Enforcement in Deterring Insider Trading?

Abstract

Trading in securities on the basis of non‐public information is too lucrative a temptation ever to disappear entirely. Nevertheless, most qualified observers believe that US enforcement agencies have been reasonably effective in reducing the extent of insider trading in the US. This has been accomplished, moreover, despite the fact that there is no single US law that simply and comprehensively outlaws such trading.

Citation

Rakoff, J.S. and Eaton, J.C. (1996), "How Effective is US Enforcement in Deterring Insider Trading?", Journal of Financial Crime, Vol. 3 No. 3, pp. 283-287. https://doi.org/10.1108/eb025723