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Introduction: Insider Trading

INSIDER TRADING, Third Edition, Oxford University Press, 2010

8 Pages Posted: 12 Oct 2010  

William K. S. Wang

University of California, Hastings College of the Law

Marc I. Steinberg

Southern Methodist University - Dedman School of Law

Date Written: October 11, 2010

Abstract

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 14e-3, Exchange Act section 16, and Securities Act section 17(a). The state law discussed is both state common law and a state law claim by the issuer.

Another chapter addresses government enforcement of the insider trading/tipping prohibitions. A chapter on compliance programs deals with how firms can try to prevent illegal insider trading and tipping. Two chapters compare the harmful and allegedly beneficial effects of stock market insider trading and discuss the harm to individual investors from each specific insider trade.

Keywords: Insider Trading, Insider Tipping, Inside Information, Selective Disclosure, Material Nonpublic Information, Material Non-Public Information, Regulation FD, Regulation Fair Disclosure, 10b5-1, 10b5-2, 10b-5, 10(b), Securities Fraud, Mail Fraud, Wire Fraud, SEC, Securities and Exchange Committee

JEL Classification: D61, D82, G14, G18, G28, G38, K14, K22, K4

Suggested Citation

Wang, William K. S. and Steinberg, Marc I., Introduction: Insider Trading (October 11, 2010). INSIDER TRADING, Third Edition, Oxford University Press, 2010. Available at SSRN: https://ssrn.com/abstract=1690822

William Kai-Sheng Wang (Contact Author)

University of California, Hastings College of the Law ( email )

200 McAllister Street
San Francisco, CA 94102
United States

Marc I. Steinberg

Southern Methodist University - Dedman School of Law ( email )

P.O. Box 750116
Dallas, TX 75275
United States

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