Are all insiders rogue traders?

Insider trading is a topic of intense public debate these days, but this debate must be framed in the context of a clear, objective definition of informed versus insider trading.

... Commentary by Patrick Augustin, Menachem Brenner and Marti G. Subrahmanyam, the authors of a recent study that showed insider trading is worse than initially thought. Patrick Augustin is assistant professor of finance at the Desautels Faculty of Management at McGill University.

Read full article: CNBC