The Public Policy
Undisclosed Interests
Stock market manipulation and the SEC in the post-Enron era.
(Page 2 of 2)
Such a disclosure requirement would reveal how much profit the group has realized while involving the SEC with the intent to move market prices. The SEC could then measure this effect.
Any profits derived by effective insider information of coming SEC investigations or actions should be treated as exactly as other profits from trading on insider information.
The good news is that this problem can be addressed with a simple and obviously appropriate requirement. This could be enacted as legislation, adopted as policy by the SEC, or implemented as a required procedure by the SEC staff. One of the three needs to be energetically put in place, as promptly as possible.
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