Matt Levine’s Money Stuff: Don’t Insider Trade Drunk at Squash (Correct)

Programming note: Money Stuff will be off Monday, back on Tuesday.

Insider trading

I guess it is time for an Fourteenth Law of Insider Trading, and frankly it’s a little weird that this has never come up before, but: Don’t ... insider trade … while … drunk?

A former Barclays Plc trader said he got an insider tip from an ex-Goldman Sachs Group Inc. vice president at a squash court after having too many drinks.

That trade netted a $2,000 profit, just a fraction of the $280,000 the two men made in illicit profits from insider trades in 2017, according to Akshay Niranjan. ...