Former Professor Emeritus of Law at New York University and at the University of San Diego
Not Clearly Pro or Con to the question "Should Insider Trading by Congress Be Allowed?"
"...It is no answer to say that if trading on inside information were permitted, the public would realize the risk of trading against persons who have nonpublic inside information. Nor is it an answer to argue that the public would treat this one more uncertainty involved in pricing securities, and would adjust their trading prices accordingly. Admittedly, anyone trading in securities must deal with enormous uncertainties such as the future of national and international business, the future course of particular industry and company, and future interest rates. However, the uncertainty coming from trading against inside information is of a different kind, since it relates to the fairness of the game..."
"Manne's Insider Trading Thesis and Other Failures of Conservative Economics," Cato Journal, Winter 1985
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:
Former Professor Emeritus, Law, New York University
Former Professor Emeritus, Law, University of San Diego
Former Part-time Professor, Law, Yale University
Former Assistant General Counsel, CIT Financial Corporation
Former Member, Permanent Editorial Board, Uniform Commercial Code
Former Council Member, American Bar Association
Former Member, Advisory Committee on Corporate Disclosure and the National Bankruptcy Conference, US Securities and Exchange Commission
Former Life Member, American Law Institute
Former Assistant Solicitor, US Securities and Exchange Commission, 1940