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.

Inside Information and Securities Trading : A Legal and Economic Analysis of the Foundations of Liability in the U. S. A. and European Community

Bergmans, Bernhard

London ; Boston: Graham & Trotman ; Norwell, MA, USA: Kluwer Academic Publishers Group

Graham & Trotman : Wolters Kluwer Academic Publishers

Wolters Kluwer Law & Business

Arabian Information Ltd

United Kingdom and Ireland, United Kingdom

London, Dordrecht, 1991

1. publ, London, 1991

1984

Includes bibliographical references (p. 209-222).

xi, 222 p. ; 25 cm
Includes bibliographical references (p. 209-222)

2023-06-28