Abstract

http://ssrn.com/abstract=2419635
 


 



Evolutionary Psychology, Moral Intuition and the Structure of Insider Trading Law


Steven R. McNamara


American University of Beirut

March 7, 2014


Abstract:     
American insider trading law is currently in an expansionist phase both in the substance of its legal doctrines under Rule 10b-5 and the resources devoted by federal officials to insider trading prosecutions. While these developments pose certain risks, they also respond to deep-seated moral intuitions human beings have concerning social interaction, including investments in the corporate enterprise. Evolutionary psychology offers a persuasive account of the appeal strong insider trading law holds, and also a theoretical justification for recent trends. An evolutionary psychological account of insider trading law also offers the promise of providing a theoretical basis for the observed correlation of insider trading enforcement with various measures of the health of financial markets, as well as a unified jurisprudence of insider trading law.

Number of Pages in PDF File: 59

Keywords: Insider trading, evolutionary psychology, law and economics

JEL Classification: C71, D64, G18, K22, K42

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Date posted: April 3, 2014  

Suggested Citation

McNamara, Steven R., Evolutionary Psychology, Moral Intuition and the Structure of Insider Trading Law (March 7, 2014). Available at SSRN: http://ssrn.com/abstract=2419635 or http://dx.doi.org/10.2139/ssrn.2419635

Contact Information

Steven McNamara (Contact Author)
American University of Beirut ( email )
Beirut
Lebanon
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