期刊名称：Brooklyn Journal of Corporate, Financial & Commercial Law
印刷版ISSN：1934-2497
出版年度：2018
卷号：13
期号：1
页码：4
出版社：Brooklyn Law School
摘要：Federal law restricts insider trading. Yet these restrictions operate differently on insolvent or bankrupt firms. The law is more constraining in some respects: federal law extensively regulates the trading of residual claims in solvent firms but not insolvent firms. However, the law is more constraining in other respects: insider trading law does little to limit debt-trading at solvent firms, but a bankruptcy enmeshes all creditors in a web of insider trading rules. This Article identifies insolvency’s economic and legal influence on insider trading law and then normatively evaluates this transformation.
