Not Clearly Pro or Con
to the question "Should insider trading by Congress be allowed?"
Reasoning:
"...[T]o the extent that insider trading regulation promotes more accurate stock prices and greater stock market liquidity, regulation might indirectly ameliorate corporate agency problems, as more accurate stock prices and greater liquidity facilitate improved corporate governance and the market for corporate control..."
"Insider Trading Laws and Stock Markets Around the World: An Empirical Contribution to the Theoretical Law and Economics Debate," Journal of Corporation Law, Winter 2007
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:
Professor, Law, University of Michigan
National Fellow, Hoover Institution, Stanford University, 2005 - 2006
Research Fellow, William Davidson Institute, Stephen M. Ross School of Business, University of Michigan, Oct. 2004 - Oct. 2007
Black Law Students' Alliance Faculty Member of the Year, 2004 - 2005
John M. Olin Fellow in Law and Economics, Harvard Law School, 1997 - 2001
John M. Olin Prize for Outstanding Paper in Law and Economics, Harvard Law School, 1999
Harvard Prize Fellowship, 1994
National Science Foundation Fellowship, 1994
John G. Sobieski Award for outstanding senior thesis, "Market-Based Approaches to African Wildlife Conservation," Stanford University, 1990
Provided testimony, "Evidence on Insider Trading Laws and Stock Markets," presented to the US Senate Judiciary Committee Hearing on Unlawful Insider Trading, Sep. 26, 2006
Education:
PhD, Economics, Harvard University, 2002
JD, Harvard Law School, 1999
MA, Economics, Harvard University, 1994
BA, with distinction, Economics, Stanford University, 1990
"The Empirical Evidence on the Regulation of Insider Trading," Annual Review of Law and Social Science, Forthcoming Dec. 2008
"Do Investors in Controlled Firms Value Insider Trading Laws? International Evidence," The article was published and presented as part of the Journal of Law, Economics, & Policy Symposium on Insider Trading, 2008 (also selected by Professor Mark Roe to be presented at March 2007 Enforcement of Corporate Governance Rules Conference)
"Insider Trading Laws and Stock Markets around the World: An Empirical Contribution to the Theoretical Law and Economics Debate," Journal of Corporation Law, Winter 2007
"Insider Trading Rules Can Affect Attractiveness of Countries Stock Markets," University of Michigan Law Quadrangle Notes, Fall 2007 (Beny wrote this report about her Sep. 2006 written testimony to the US Senate Judiciary Committee)
