Author: Steven Kent BaldridgePublisher:
ISBN:
Category : Insider trading in securities
Languages : en
Pages : 74
Book Description
Insider Trading and Securities Fraud Enforcement Act of 1988 (ITSFEA)
Author: Steven Kent BaldridgePublisher:
ISBN:
Category : Insider trading in securities
Languages : en
Pages : 74
Book Description
Insider Trading and Securities Fraud Enforcement Act (Itsfea).
Author: Jon A. GarfinkelPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
This paper finds new evidence that the threat of legal sanctions significantly affects the trading behavior of insiders. Specifically, I examine the effects of the Insider Trading and Securities Fraud Enforcement Act (ITSFEA) on insider trading around earnings announcements. Given ITSFEA's stated concern with trading on private information prior to its release, I argue that insiders may respond to the Act by shifting their trading to the post-announcement period. The evidence presented below is consistent with the argument that insiders responded to Congress' clear disdain for trading on private information prior to its release. Following the Act, insiders focus more of their trading after an earnings announcement than before one. Moreover, insiders trade less frequently and earn smaller profits on their trades around earnings announcements after the Act. Finally, the observed shift in trade timing after the Act is accompanied by a change in insider trading strategies. Specifically, insiders' pre-announcement trading was uncorrelated with earnings surprise prior to the Act, while subsequent to the Act, pre-announcement insider trading was decreasing in earnings surprise.
Insider Trading and Securities Fraud Enforcement Act of 1988
Author: Arthur F. MathewsPublisher:
ISBN:
Category : Commercial crimes
Languages : en
Pages : 418
Book Description
Insider Trading and Securities Fraud Enforcement Act of 1988
Author: Kirkland & Ellis (Firm)Publisher:
ISBN:
Category : Commercial crimes
Languages : en
Pages :
Book Description
Insider Trading and Securities Fraud Enforcement Act of 1988
Author: United States. Congress. House. Committee on Energy and CommercePublisher:
ISBN:
Category : Business ethics
Languages : en
Pages : 47
Book Description
Insider Trading and Securities Fraud Enforcement Act of 1988. September 9, 1988. -- Committed to the Committee of the Whole House on the State of the Union and Ordered to be Printed
Author: United States. Congress. House. Committee on Energy and CommercePublisher:
ISBN:
Category :
Languages : en
Pages : 47
Book Description
The Insider Trading and Securities Fraud Enforcement Act of 1988 and Expansion of Control Person Liability
Author: Samuel J. WinerPublisher:
ISBN:
Category : Insider trading in securities
Languages : en
Pages : 106
Book Description
Legislative History of the Insider Trading and Securities Fraud Enforcement Act of 1988, P.L. 100-704, [102 Stat. 4677, H.R. 5133], November 19, 1988
![Legislative History of the Insider Trading and Securities Fraud Enforcement Act of 1988, P.L. 100-704, [102 Stat. 4677, H.R. 5133], November 19, 1988 PDF](https://books.google.com/books/content/images/frontcover/ZzUMHQAACAAJ?fife=w80-h100)
Author: United States. CongressPublisher:
ISBN:
Category : Insider trading in securities
Languages : en
Pages :
Book Description
Law, reports, bills, debate, hearings.
Insider Trading and Securities Fraud
Author: Publisher:
ISBN:
Category : Consolidation and merger of corporations
Languages : en
Pages : 1436
Book Description
Insider Trading and Securities Fraud
Author: Bernard D. Reams (Jr.)Publisher:
ISBN:
Category : Consolidation and merger of corporations
Languages : en
Pages : 1268
Book Description