As evidenced by the enactment of the Sarbanes-Oxley Act, the most extensive revision of the U.S. securities laws since the New Deal era, the focus on corporate accountability and standards of conduct has become magnified. Related to this development is the continued emphasis on insider trading...

This article focuses on regulation of insider trading and company affirmative disclosure in developed securities markets. First, the U.S. regime is discussed. Thereafter, the securities laws of selected developed markets are addressed in order to provide contrasts to the U.S. approach. Last, the...