Since 1988, organizations have focused greater attention on compliance programs designed to prevent insider trading by their personnel. In that year, the Insider Trading and Securities Fraud Enforcement Act (ITSFEA) was enacted into law. Certainly, insider trading was a concern to organizations...

This paper is the introductory chapter to Insider Trading (Oxford University Press 3d ed. 2010). This treatise analyzes the application of various laws to stock market insider trading and tipping. Among the federal laws are Exchange Act section 10(b), SEC Rule 10b-5, mail/wire fraud, SEC Rule...

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...

Section 17(a)(3) has been widely neglected as a weapon in the Securities and Exchange Commission's (SEC) arsenal against insider trading. Section 17(a)(3) carries the potential of providing the SEC with an advantage that is not afforded by Section 10(b), Rule 10b-5, or Rule 14e-3 — the...

Introduction -- Impact on society, the issuer, and the insider trader's employer -- The harm to individual investors from a specific insider trade -- Some basic elements of insider trading liability under Section 10(b) and Rule 10b-5 -- Those who violate Section 10(b) and Rule 10b-5 by insider...

This chapter provides an analysis of the unacceptable framework of insider trading law in the United States and proffers a proposed solution. First, key U.S. Supreme Court decisions in the insider trading area are examined, with discussion also of lower court case law that existed prior to these...