5 Reasons Why “SEC Staff as Insider Traders” Study Is Bogus

In February ’14, a new study became a media darling as it showed that trades by SEC Staffers produce abnormal returns – claiming Staffers divest (i) in the run-up to SEC enforcement actions and (ii) in the interim between Form 144 filings & appearance of the sale on EDGAR. This video gives 5 reasons why these findings are bogus.