Expert on sophisticated traders can address Leon Cooperman's SEC case


Thu, 09/22/2016

author

George Diepenbrock

LAWRENCE — The Securities and Exchange Commission has accused hedge-fund manager Leon Cooperman and his firm, Omega Advisors Inc., of insider trading. It is alleged he agreed to refrain from using information he received from a corporate executive but then went ahead and traded on it.

Cooperman denies any wrongdoing, according to national news reports. A University of Kansas School of Business expert on investment theory and corporate relations is available to discuss the case.

Felix Meschke, associate professor of finance, wrote a recent article in the Journal of Accounting and Economics that found investors reap greater profits when trading stocks of firms with more connected boards. Meschke also wrote a recent blog post on the topic. His co-authors of the study are professors Ferhat Akbas and Jide Wintoki, also of the School of Business.

Meschke teaches investment theory and applications and would be able to discuss issues surrounding how sophisticated traders obtain information from corporate insiders and whether that should be considered insider trading or not.

To arrange an interview with Meschke, contact George Diepenbrock at 785-864-8853 or gdiepenbrock@ku.edu.

Thu, 09/22/2016

author

George Diepenbrock

Media Contacts

George Diepenbrock

KU News Service

785-864-8853