Information, Privilege, Opportunity, and Insider Trading
16 Pages Posted: 21 Jul 2011
Date Written: July 20, 2011
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: Suggested Citation