Stop The Plague Of Insider Trading
Doesn't anyone worry about getting caught at insider trading anymore? In April, call options in Tambrands Inc. soared a week before Procter & Gamble Co. announced it would acquire the company. Ditto for call options in Alex. Brown & Sons Inc., which skyrocketed, along with the shares, days before Bankers Trust said it was buying the regional brokerage firm. Earlier in February, the volume in put options in Scholastic Corp. rose, just days before the children's book publisher released negative news. That sent Scholastic's stock sharply down, making the holders of the puts that much richer. In every case, a handful of investors appeared to have news of impending corporate events that the rest of the investing public was denied. Or perhaps they were all just lucky? Right. Hello, Securities & Exchange Commission. Where are you?
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