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Insider Information and the Limits of Insider Trading
(Washington University Journal of Law & Policy, 2018)
This essay offers brief observations on the internal coherence of the rationales underlying the prohibition against insider trading, taking the opportunity offered by Newman and Salman to reflect on its central policy aims. ...
Too-Big-to-Fail Shareholders
(Minnesota Law Review, 2018)
To build resilience within the financial system, post-Crisis regulation relies heavily on banks to fund themselves more fully by issuing equity. This reserve of value should buttress failing banks by providing a mechanism ...