id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
cblr-1751	Haeberle, Kevin	Stock Market Law and the Accuracy of Public Companies’ Stock Prices	2015	65	.pdf	application/pdf	22854	784	48	Informed Traders Informed traders are those who purchase and sell stocks based on information as to companies’ fundamental values that is not yet reflected in market prices—thereby making stock prices more accurate.25 They specialize in using firm- 24 This simplified description of stock traders draws from a fuller model described in the seminal treatise on market microstructure alluded to earlier. Accordingly, the Article theorizes that regulators have a fourth main securities-law tool (stock- market law) for increasing the accuracy of public companies’ stock prices, and sets forth a cost-benefit framework to help them determine whether it can be used to achieve one of the chief goals of securities law: obtaining a socially optimal level of stock-price accuracy.	cache/cblr-1751.pdf	txt/cblr-1751.txt