Editing Insider trading (section)

===Arguments for further prohibition===
A study of political insider trading found existing regulation including [[STOCK Act]] results in [[conflict of interest]] and contributes to social [[distrust]].<ref name="c099">{{cite journal | last=Hanousek | first=Jan | last2=Jo | first2=Hoje | last3=Pantzalis | first3=Christos | last4=Park | first4=Jung Chul | title=A Dilemma of Self-interest vs. Ethical Responsibilities in Political Insider Trading | journal=Journal of Business Ethics | volume=187 | issue=1 | date=2023 | issn=0167-4544 | pmid=36259070 | pmc=9560883 | doi=10.1007/s10551-022-05265-0 | doi-access=free | pages=137–167}}</ref> [[Information asymmetry]] enjoyed by politicians was found to be high, which does not confirm the predictions of [[social contract]] theory.<ref name="c099"/> Political insider trading by persons which are not required to report according to [[STOCK Act]] was found.<ref name="c099"/> Higher insider trading was found when [[legislature]] is in session and in periods with higher [[Political risk#Geopolitical risk|geopolitical risk]].<ref name="h933">{{cite journal | last=Karadas | first=Serkan | last2=Schlosky | first2=Minh Tam Tammy | title=What explains trading behaviors of members of congress? Evidence from over 100,000 congressional stock trades | journal=International Review of Economics & Finance | volume=96 | date=2024 | doi=10.1016/j.iref.2024.103591 | page=103591}}</ref>