Prof. Painter Quoted in Forbes on Selective Disclosure of Market-Moving Information

Professor Richard Painter was quoted in a Forbes article about groups, including universities, that, for a fee, allow market-moving information they generate to be selectively disclosed to hedge funds before release to the general public. The fact that this is permitted, Painter observed, is a "blind spot in U.S. law" and such groups, particularly governments and universities, should "not be allowed to selectively disclose market-moving data to people who pay more money."