John P. Anderson is a professor at the Mississippi College School of Law. He practiced in the areas of Securities Enforcement and White Collar Criminal Law at the Washington, DC law firms of Eversheds Sutherland and Wilmer Cutler Pickering Hale & Dorr before entering academia. Anderson has won numerous teaching awards and has published several articles in top law reviews and peer review journals on the topics of insider trading, legal and political philosophy, and business ethics. He received a Ph.D. in Philosophy and a J.D. from the University of Virginia, and a B.A. in Philosophy from the University of California, Berkeley.

• Acknowledgments; Introduction; Part I. Law: 1. Early development of insider trading law in the United States; 2. Federal regulation and the modern era; 3. The problem of vagueness in the law; 4. Injustice, incoherence and irrationality – time for regime change; 5. The global experience; Part II. Ethics: 6. From Cicero to Laidlaw: two thousand years of debate over the propriety of information asymmetries; 7. The efficient, the right, the good, and legal reform; 8. The economics of insider trading; 9. Is insider trading morally wrong? 10. Greed, envy, and insider trading; Part III. Reform: 11. The path forward – an outline for reform; Index.

'This book provides a richly textured account of insider trading, offering historical, comparative, philosophical, and economic perspectives on this vexed practice. Anderson argues persuasively that the American law of insider trading is badly in need of reform, and offers compelling proposals for getting it back on its feet. This book will be an essential reference on insider trading law for years to come.' Eric Posner, Kirkland and Ellis Distinguished Professor of Law, Arthur and Esther Kane Research Chair, University of Chicago Law School