Typiske karakteristika på ulovlige insidere: Hvem er de? Hvad tjener de?

I et forskningspapir med titlen “Information Networks: Evidence from Illegal Insider Trading Tips“ hedder det, at “this paper’s main objective is to present a series of facts about illegal insider trading. First, I present a profile of individual traders, the events on which they trade, the firms that are the subject of the information, and the traders’ investment returns. Second, I investigate the social relationships that connect inside traders. Third, I analyze the flow of information from the original source to the final tippee. Fourth, I present the characteristics of the average insider network as a whole. Finally, I test for selection bias. First, the data show that insiders share information about specific corporate events that have large effects on stock prices. Merger-related events account for 51% of the sample, followed by earningsrelated events, accounting for 26%. The remaining events include clinical trial and regulatory announcements, sale of new securities, and operational news such as CEO turnovers. The firms in which insiders trade tend to be large high-tech firms with a median market equity of $1 billion.”