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Delve: Insider Trading by Congress? It's Time to Fix the Law

Published: 14 May 2020

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 平特五不中鈥檚 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 平特五不中's Desautels Faculty of Management.


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