A new study suggests insider trading by company directors trading on the Australian Securities Exchange is rife.The study suggests company directors are illegally using inside information to profit on the ASXASIC says the findings are based on a different concept of what constitutes inside information
Stockbroker Marcus Padley has been trading on the market for decades. He doesn't sit on any boards, but he has no doubt that most company directors make share trades with the help of knowledge that's not available to the rest of the market.Now a study from the Australian National University suggests directors are illegally using this information to profit.
The market expects directors to show confidence by buying shares on downgrades. It ties their own fortunes to that of long term shareholders. I agree sgare trading pre market announcements is HUGE but trading post means nothing at all.
The LNP regulators would be all over this? Those budget cuts to the regulators have been a smashing success?
It’s the Biggest RIGGED Game in Town
Any xref to frankingctedits dividends? While the 50k Directors trades were involved in the research what were the results of the share & stock prices after the Directors practiced insider trading & criminal activities? auspol corruption asx asxpunters
As if we were born only an hour ago!!
The is an utter embarrassment.. clearly do not understand what inside trading is.. humiliating “journalism” from a tax payer funded entity. ItaButtrose what is being done to fix the ABC De-fund the ABC.
ANU study shows the bleeding obvious. Another great insight & use of taxpayers dollars. Yawn.
Why just target directors. I would have thought employees, consultants, contractors and anyone else with access to inside information would form part of such a study
So, not actually Insider Trading then...
Gee whiz, who'd have thought....
Unsurprising.
And that's a surprise
Buying after an announcement isn't insider trading. They're buying value.