Title: Insider Trading Regulation - A Comparative Analysis
Abstract: 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 regulation. Tales of alleged insider trading abuse by Martha Stewart highlight this scrutiny in the United States. To an increasing degree, other developed markets also are becoming more sensitized, as George Soros' predicament in France illustrates.
From a comparative perspective, this article analyzes insider trading regulation in the United States and other developed markets. On a different level, the article also discusses the application of Jewish law principles to the propriety of insider trading. The article concludes by positing that, while the United States' insider trading regimen is less stringent than that of many other developed markets, the United States' markets remain preeminent largely due to the relatively effective enforcement of the prevailing statutory and regulatory mandates. Whether this status will remain intact in light of the challenging dilemmas confronting the U.S. capital markets and the U.S. Securities and Exchange Commission (SEC) is uncertain.
Publication Year: 2003
Publication Date: 2003-01-01
Language: en
Type: article
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Cited By Count: 9
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