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March 12, 2014

"Inside Job: SEC Employees 'Systematically Dodge the Revelation of Bad News' for Their Stocks"

Yet another perq of working for the Feds revealed

Securities and Exchange Commission (SEC) employees aren't necessarily better at investing in stocks than everyone else, but they are much better at getting out of bad investments before the "bad news" hits. That's according to a new paper by Shivaram Rajgopal and Roger M. White, called, "Stock Picking Skills of SEC Employees."

Comments

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Joe R.

Silly me. I would have assumed that there was already a law barring SEC employees from holding any stocks or such instruments, or at least requiring having them in a blind trust.

JorgXMckie

Color me totally shocked.

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