Not Clearly Pro or Con to the question "Should Insider Trading by Congress Be Allowed?"
"...[L]aws against acting on inside information have two purposes: (1) to protect dealers and (2) to give investors the confidence that they are protected from people who know more than they do. If dealers play an essential role in making securities markets liquid, capitalist societies have a stake in protecting dealers. If people who feel protected from insiders are more likely to invest, capitalist societies have a reason for providing that confidence. So, capitalist societies are probably healthier with insider trading laws. But those laws don’t protect the little guy. Instead, they protect some rich, powerful big guys—dealers..."
Jack L. Treynor & Dean LeBaron, "Insider Trading: Two Comments," Financial Analysts Journal, Jan. 2008
Experts Individuals with JDs, PhDs, other relevant advanced degrees, and government officials with significant involvement in, or related to, insider trading issues. [Note: Experts definition varies by site.]
Involvement and Affiliations:
President and Chief Executive Officer, Treynor Capital Management, Inc.
Distinguished Fellow, Institute for Quantitative Research in Finance
Senior Editor, Journal of Investment Management (JOIM)
Member, Advisory Board, Journal of Investment Management
Recipient, CFA Institute Award for Professional Excellence, 2007
Recipient, International Association of Financial Engineers (IAFE)/SunGard Financial Engineer of the Year Award, 2007
Recipient, James R. Vertin Award, 1997
Recipient, Nicholas Molodovsky Award for "contributions to the profession of financial analysis of such significance as to change the direction of the profession," 1985