The uncertainty in insider trading law invites debate over the legality of misconduct that has no place in our markets. But this is a fixable problem: The law can be updated and made clearer. Ideally, Congress would take the lead. But bipartisan proposals to update the law have languished for years. The S.E.C., however, does have the authority to clarify insider trading law. The commission should use that authority before the next wave of corporate abuses.
That’s why we are announcing the creation of the Bharara Task Force on Insider Trading, a panel of experts that will propose new insider trading reforms to protect American investors.
via Opinion | Insider Trading Laws Haven’t Kept Up With the Crooks – The New York Times.
