Bloomberg Businessweek

The Land of Insider Trading

Suspicious stock moves in Mexico have people talking—but few are punished

A stock plunges just before bad news hits or soars ahead of a bullish headline. On Wall Street, that looks like a sign of insider trading. In Mexico, it’s more like business as usual. That’s because insider trading is rife in the $400 billion Mexican stock market—and almost everyone knows it. As in the U.S., trading on nonpublic information is illegal. But just 28 people in Mexico have been punished for the infraction since 2008, as far back as public records go. None have gone

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