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Monday, November 28, 2005

The Business Week Dilemma

What in the world can be done about the recurring problem of people trying to trade on advance copies of Business Week?  See the bottom of this post if you need the history, but is it fair to say that the "Inside Wall Street" column in Business Week has wreaked more insider trading havoc than any other information source in the world?  To my knowledge, the lengthy list of "Business Week defendants" includes someone from just about every point in the distribution chain-- printing, distribution, U.S. postal delivery and so on.  It is the catnip of the securities enforcement world.

Clearly, humans are incapable of resisting the lure of trading on advance copies of Business Week.  So now what?   What level of security will protect us from this scourge?  Should Business Week be published and distributed out of Fort Knox?  Should it receive the same Code Red-level of security as the orange juice "Crop Report" in Trading PlacesHannibal Lechter-level security?

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