Richard W. Painter
S. Walter Richey Professor of Corporate Law

Prof. Richard Painter Quoted in Star Tribune about Insider Trading Spikes in Corporations after Audits

Professor Richard Painter was quoted in the Star Tribune about a study that details insider trading increases that occurred at the time of corporate audits. Painter said that insiders who are trading around an audit report are "going to be really in the doghouse. This is an invitation to an SEC investigation or possibly a criminal investigation by the United States Attorney's Office, because that's a felony if you're trading on the basis of material nonpublic information."