Information, Privilege, Opportunity, and Insider Trading

16 Pages Posted: 21 Jul 2011

See all articles by Walter E. Block

Walter E. Block

Loyola University New Orleans - Joseph A. Butt, S.J. College of Business

Robert W. McGee

Fayetteville State University - Department of Accounting

Date Written: July 20, 2011

Abstract

Insider trading legislation requires insiders to publicly report their trades through securities commissions and prohibits them from using confidential, undisclosed information that is material to the value of securities in connection with the trades.' In Canada, insider trading is both a civil and quasi-criminal offense.' In the United States, Rule 10b-5 of the Securities Exchange Act is often cited as authority for prosecuting insider trading cases. We will examine this subject.

Suggested Citation

Block, Walter E. and McGee, Robert W., Information, Privilege, Opportunity, and Insider Trading (July 20, 2011). Northern Illinois University Law Review, Vol. 10, No. 1, pp. 2-35, 1989. Available at SSRN: https://ssrn.com/abstract=1890819

Walter E. Block (Contact Author)

Loyola University New Orleans - Joseph A. Butt, S.J. College of Business ( email )

6363 St. Charles Avenue
Box 15, Miller 321
New Orleans, LA 70118
United States
(504) 864-7944 (Phone)
(504) 864-7970 (Fax)

Robert W. McGee

Fayetteville State University - Department of Accounting ( email )

Fayetteville, NC 28301
United States

HOME PAGE: http://robertwmcgee.com

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