Education, Business, & Law

How undisclosed SEC investigations lead to insider trading

Should companies go public sooner about the fact that the SEC is investigating them? Daniel Taylor, a professor of accounting at Wharton, investigated this question in a research paper titled, “Undisclosed SEC Investigations,” which considers whether insiders gain an unfair advantage in being able to sell shares before the information hits the market.

Penn Today Staff

In the News

Philadelphia Inquirer

Penn Wharton Budget Model enjoys public lashings from both the Biden and Trump administrations

While U.S. presidents on both sides of the aisle have rejected analyses from the Penn Wharton Budget Model, their findings have been supported by estimates from the Congressional Budget Office. Wharton’s Kent Smetters said, “We’re an honest broker, regardless of the party in power.”


USA Today

Biden’s free college plan never happened. Are debt-free degrees the answer to student loan crisis?

Laura Perna of the Graduate School of Education spoke about College Promise Programs, which help cover students’ tuition and other expenses. Perna said these programs “reflect real concern about how much it costs to go to college.”


The New York Times

Career coaching today: Forget the corporate ladder and find yourself

Michael Useem of the Wharton School spoke about shifting perceptions of career coaching services. “Twenty years ago coaching was seen as remedial, a sign the candidate was coming up short,” he said. “That’s completely flipped upside down. It’s seen as a privilege.”


Los Angeles Times

A sport-fishing boat pollutes ‘as much as 162 school buses.’ Will boat businesses survive regulation?

Cary Coglianese of the Law School weighed in on the potential impact of proposed boating regulations in California, which some argue could negatively affect mom-and-pop sport-fishing and whale-watching businesses. “You could say society is subsidizing these businesses,” Coglianese said. “We are incurring the cost of this harmful pollution.”



Rittenhouse’s winning strategy rested on ear-filled testimony

Kim Ferzan of the Law School weighed in on the acquittal of Kyle Rittenhouse, who shot and killed two people at a Black Lives Matter protest last year. “We need to think seriously about whether citizens should be entitled to go on the offense in our name—to bring weapons and seek to enforce laws—when we know that such actions may themselves be the trigger of violence and death,” said Ferzan.