Insiders of US Financials are Heavy Sellers

Barron's, Naureen S. Malik, 12 January 2006Financial stocks have rebounded since hitting lows last spring and outperformed the broader market. But while investors buy into the frenzy, insiders sell, sell, sell.Executives and directors sold nearly $1.7 billion in stocks in the fourth quarter of 2005 across the financial sector, particularly in niche firms, compared with $76.9 million in purchases,