Inside information and securities trading: a legal and economic analysis of the foundations of liability in the U.S.A. and the European Community

Front Cover
Graham & Trotman, 1991 - Business & Economics - 222 pages
0 Reviews
This book thoroughly re-examines the foundations of liability in respect of insider dealing in the USA and EC in order to find clear guidelines for future judical, administrative and legal action, and develops a new approach to insider dealing regulation. Despite the considerable legislative, administrative and judical efforts in the USA to curtail insider trading it is not clear what the bases for such prohibition are, In law or policy. The dramatic increase in insider trading activity in recent years renders more intense the requirement for a rational and explicit basis for such liability to fulfil the needs of elementary justice. Through a different historical route efforts to tackle the same problem in Europe, particularly over the last ten years by the European Commission, have resulted in a similar legal dichotomy: a legal basis for liability is established but its foundation is insufficiently scrutinized, which will become apparent as the new European Insider Trading Directive is interpreted.

From inside the book

What people are saying - Write a review

We haven't found any reviews in the usual places.


C Case law development
C Elements of cause of action under section 10b and rule 10b5

20 other sections not shown

Common terms and phrases

Bibliographic information