Delve: Insider Trading by Congress? It's Time to Fix the Law

News

Published: 14May2020

The “coronavirus trades” made by Sen. Richard Burr (R-N.C.) and his wife just prior to the March ’20 market crash raise these questions and signal the need for changes to the law. Some proposals go as far as banning stock trading by members of congress outright. The other extreme is to allow full discretion. The right solution, according to McGill University’s Patrick Augustin and co-authors, is in between: Only allowing public officials to trade securities based on broad market indices.

This article is brought to you by Delve, the official thought leadership publication of McGill University's Desautels Faculty of Management.


 

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