insider trading

Professor Patrick Augustin wins Best Paper on Empirical Finance at the 2015 Northern Finance Association Annual Meeting for his paper "Informed Options Trading prior to M&A Announcements: Insider Trading?" with co-authors Menachem Brenner and Marti G. Subrahmanyam.

Classified as: Patrick Augustin, insider trading, empirical finance
Published on: 25 Sep 2015

Over the past year, a record 266 companies have spun off divisions in a trend bankers are calling “Spinmania.” If history is any guide, about 35 of those deals will have leaked undetected to inside traders.

A new study by a team of finance professors suggests one in eight corporate spinoffs and divestments in the U.S. between 1996 and the end of 2013 was preceded by suspicious trading in options markets. The Securities and Exchange Commission hasn’t brought a single case relating to such trading then or since, according to the report, due to be published later this month. 

Classified as: finance, Desmarais Global Finance Research Centre, Patrick Augustin, insider trading, Bloomberg Business
Published on: 16 Mar 2015

According to a new study, insider trading often occurs during merger and acquisitions and is rarely punished. BNN takes a closer look with one of the report's co-authors, Patrick Augustin, Assistant Professor of Finance, Desautels Faculty of Management, McGill University. 

Watch full video: Business News Network

Classified as: finance, Patrick Augustin, Assistant Professor, insider trading, business news network
Published on: 24 Jul 2014

Insider trading continues to be “pervasive” before merger and acquisition deals but rarely leads to prosecutions, according to an analysis of unusual trading patterns by a team of professors in Canada and the United States.

Classified as: Patrick Augustin, the globe and mail, insider trading, new york university, NYU stern
Published on: 15 Jul 2014

Bullish options bets on Hillshire Brands Co. stand to deliver millions of dollars in profits to one or more traders who correctly wagered in recent weeks that the company's stock would surge.

Classified as: Patrick Augustin, insider trading, hillshire, pinnacle foods, tyson foods
Published on: 8 Jul 2014

If investors needed another reason to distrust the stock market, here’s a doozy. A study by a trio of researchers in the U.S. and Canada into insider trading found that one-quarter of the big merger and acquisition (M&A) deals over a 15-year period—roughly 460 transactions in total—may have seen people profiting on information before it was public.

Classified as: Patrick Augustin, insider trading, Professor
Published on: 25 Jun 2014

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.

Classified as: Patrick Augustin, insider trading, CNBC
Published on: 25 Jun 2014

Ofter als gedacht wird illegal ve rsucht, vertrauliche Kenntnisse an der Borse zu versilbern.

Classified as: Patrick Augustin, insider trading, Professor
Published on: 25 Jun 2014

There is often a tip. Before many big mergers and acquisitions, word leaks out to select investors who seek to covertly trade on the information. Stocks and options move in unusual ways that aren’t immediately clear. Then news of the deals crosses the ticker, surprising everyone except for those already in the know. Sometimes the investor is found out and is prosecuted, sometimes not.

Classified as: Patrick Augustin, insider trading, Professor, new york times
Published on: 17 Jun 2014

Two academic research papers that promise to spark new scrutiny of corporate actions such as mergers and acquisitions have won the prestigious Investor Responsibility Research Center Institute (IRRCi) annual investor research competition that focuses on the interaction of the real economy with investment theory. The winning research teams will be presented with a $10,000 award for each paper:

Classified as: finance, Patrick Augustin, Assistant Professor, insider trading, IRRCi
Published on: 12 Jun 2014