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Item The Law and Economics of Insider Trading(2015-05) Sensenbrenner, Frank J.; Ryznar, Margaret; Robert H. McKinley School of LawSeveral recent high-profile insider trading losses have not stopped the federal government from aggressively prosecuting insider trading cases. The first of its kind, this law review article offers both a legal analysis and an empirical analysis that would aid the government in detecting and prosecuting insider trading. Specifically, this article finds that insider traders move prices more than non-insider trades of similar characteristics and insiders trade on high-volume days based on a dataset generated from SEC litigation releases.