Big Boy Letters: Trading on Inside Information

32 Pages Posted: 13 Nov 2008

Abstract

This Note takes a critical look at the controversial practice of big boy letters. After discussing the emergence of big boy letters, this Note argues for their enforceability in negotiated, face-to-face transactions between sophisticated parties. This Note concludes by acknowledging several problems produced by big boy letters and presenting possible solutions to those problems.

Keywords: Securities Regulation, Insider Trading, Big Boy Letter, Rule 10b-5, Section 29(A), Inside Information, Signaling, Information Asymmetry, SEC

JEL Classification: K22

Suggested Citation

Eshmoili, Edwin David, Big Boy Letters: Trading on Inside Information. Cornell Law Review, Vol. 94, No. 1, 2008. Available at SSRN: https://ssrn.com/abstract=1299008

Edwin David Eshmoili (Contact Author)

Cornell University - Law School ( email )

Myron Taylor Hall
Cornell University
14853-4901

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