The Insider Trading Sanctions Act of 1984

CPA Journal, pp. 78-80, 1986

4 Pages Posted: 29 Oct 2009

See all articles by Christine Neylon O'Brien

Christine Neylon O'Brien

Boston College - Carroll School of Management

Date Written: October 28, 1986

Abstract

As an initiative against Wall Street's use of non-public material information in violation of fiduciary duties, Congress enacted the Insider Trading Sanction Act which significantly increased the penalties for violating the securities laws. The statute also represented a new approach, in this it shifted away from compensating victims, to focus on the punishment of perpetrators. The author discusses a number of general considerations and details the law governing insider trading offenses. There are a number of procedural and evidentiary hurdles that exist in these cases. Further, the scope of liability under this law is an open question. The author concludes that this insider trading law will prove to be valuable in cases involving breaches of fiduciary duty by insiders.

Suggested Citation

O'Brien, Christine Neylon, The Insider Trading Sanctions Act of 1984 (October 28, 1986). CPA Journal, pp. 78-80, 1986 , Available at SSRN: https://ssrn.com/abstract=1495834

Christine Neylon O'Brien (Contact Author)

Boston College - Carroll School of Management ( email )

140 Commonwealth Avenue
Business Law Department
Chestnut Hill, MA 02467
United States
(617) 552-0413 (Phone)
(617) 552-0414 (Fax)

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