A Comparative Analysis of Insider Trading Regulation - Who is Liable and What are the Sanctions?
31 Pages Posted: 20 Feb 2001
Date Written: January 15, 2001
Abstract
In view of the increase in cross-border investment participation in securities markets as well as the number of potential mergers and collaborations between the securities exchanges of different countries, it is important to have an overview of the different approaches taken by various jurisdictions in regulating the securities industry. This paper contrasts the different approaches taken to regulate insider trading in several common law countries in the Asia-Pacific region, namely, Australia, Hong Kong, New Zealand, Malaysia and Singapore. Its focus is on how the regulations in these countries, in relation to their target group and the sanctions that are prescribed, reflect the different legal theories associated with insider trading. Problems associated with providing suitable sanctions that are both consistent with these theories and practicably workable are also discussed.
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
Insider Trading Restrictions and Analysts' Incentives to Follow Firms
By Robert M. Bushman, Joseph D. Piotroski, ...
-
Public and Private Enforcement of Securities Laws: Resource-Based Evidence
By Howell E. Jackson and Mark J. Roe
-
By Arturo Bris
-
When No Law is Better than a Good Law
By Utpal Bhattacharya and Hazem Daouk
-
When No Law is Better Than a Good Law
By Utpal Bhattacharya and Hazem Daouk
-
Insider Trading Laws and Stock Price Informativeness
By Nuno Fernandes and Miguel A. Ferreira
-
Do Insider Trading Laws Matter? Some Preliminary Comparative Evidence
-
Do Insider Trading Laws Matter? Some Preliminary Comparative Evidence