|
Home Page
One-third of US investors would trade on illegal tip: poll
NEW YORK (AFP) - Despite recent high-profile prosecutions
for illegal stock deals, nearly one-third of US investors would
trade on inside information if given the chance, a survey showed.
The Money Magazine-ICR Investor Class Poll showed 32 percent of
investors said they would immediately buy or sell a company's shares
if they learned important news about that company such as management
changes or earnings forecasts before that news became publicly available.
The majority of investors -- 59 percent -- said they would follow
the law and refrain from immediate buying or selling. Ten percent
said they didn't know what they would do.
The survey also found that aside from insider trading, 74 percent
said they would take some action if they learned about overpaid
executives or accounting irregularities at companies in which they
own shares. Thirty-one percent said they would either sell some
or all their stock and 27 percent said they would contact the company
and complain. Another 14 percent said they would become activists
by voting their proxies or attending shareholder meetings.
Investors were almost evenly split on whether President George W.
Bush (news - web sites) or Democrat John Kerry (news - web sites)
would better manage the economy over the next four years. Bush was
the choice of 43 percent and Kerry of 41 percent.
Continue With:
03-18-04
Consumer debt loads at record
03-18-04
U.S. mortgage market mixed as prepay worries brew
03-18-04
Oil Prices Add to Wall Street Negativity
03-18-04
Reports Offer Signs of Hope on Jobs Front
03-18-04
Stocks Off on Inflation, Security Fears
03-18-04
U.S. 30-Year Mortgage Rates
03-18-04
US jobless claims drop to three-year low
03-18-04
U.S. Leading Indicators Flat in February
03-18-04
Wall Street Set for Cautious Start
Mortgage
News
| 
