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INSIDER TRADING BY CONGRESS
Last updated on: 10/1/2008 8:00:00 AM PST Insider Trading by Congress Home Page > Source Biographies > >Laura Nyantung Beny, PhD, JD

Laura Nyantung Beny, PhD, JD Biography

Title: Professor of Law at the University of Michigan
Position: 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
Theoretical Expertise Ranking:  Experts
Individuals with JDs, PhDs, or equivalent advanced degrees in fields relevant to insider trading issues. Also top-level government officials (such as foreign leaders, US presidents, Founding Fathers, Supreme Court Justices, members of legislative bodies, cabinet members, military leaders, etc.) with positions relevant to insider trading issues.
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
  • Other: None found
    Quoted in:
    • 1. Does insider trading contribute to market efficiency?
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    Did You Know?
    2
    Readers' Comments
    3
    Top 10 Richest US Senators' Top Stock Trades in 2007
    4
    US Congressional Ethics Rules on Insider Trading
    5
    US Insider Trading Laws
    6
    Potential Congressional Insider Trading during 2008 Bank Bailout
    7
    White House Fact Sheet on the STOCK Act
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    Defining Insider Trading
    Insider Trading Law and Regulation
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    The STOCK Act
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