Insider Trading

2021 ◽  
pp. 211-238
Author(s):  
Marc I. Steinberg

This chapter addresses regulation of insider trading in the United States. Uncertainties and inconsistencies prevail in this setting resulting in disparate treatment for similarly situated actors. Other developed countries, while applying many principles of U.S. securities law to their securities markets, have rejected the U.S. approach in the insider trading context. To redress this situation, Congress should enact comprehensive legislation that meaningfully addresses the contours of the insider trading prohibition. Among other mandates, this legislation would: require corporate insiders to provide advance notice of their contemplated transactions in the subject company’s equity securities; bar corporate insiders and other access persons from trading in the subject company’s securities during the interval between the occurrence of a reportable event and the making of a SEC filing (such as a Form 8-K); close loopholes that currently exist with respect to the propriety of insider trading plans; and adopt a comprehensive access approach governing the legality of trading and tipping on the basis of material nonpublic information.

2017 ◽  
Vol 47 (1) ◽  
pp. 98-106
Author(s):  
Khaled Elgindy

This essay looks at the hearing held by the Foreign Affairs Committee of the U.S. House of Representatives in April 1922 on the subject of a Jewish National Home in Palestine, as well as the broader congressional debate over the Balfour Declaration at that crucial time. The landmark hearing, which took place against the backdrop of growing unrest in Palestine and just prior to the League of Nations' formal approval of Britain's Mandate over Palestine, offers a glimpse into the cultural and political mindset underpinning U.S. support for the Zionist project at the time as well as the ways in which the political discourse in the United States has, or has not, changed since then. Despite the overwhelming support for the Zionist project in Congress, which unanimously endorsed Balfour in September 1922, the hearing examined all aspects of the issue and included a remarkably diverse array of viewpoints, including both anti-Zionist Jewish and Palestinian Arab voices.


2021 ◽  
Vol 11 (2) ◽  
Author(s):  
Muhammad Sharif Uddin

Andrade and James Hartshorn (2019) surrounds the transition that international students encounter when they attend universities in developed countries in pursuit of higher education. Andrade and James Hartshorn (2019) describe how some countries like Australia and the United Kingdom host more international students than the United States (U.S.) and provides some guidelines for the U.S. higher education institutions to follow to host more international students. This book contains seven chapters.


2019 ◽  
Vol 58 (4) ◽  
pp. 738-822
Author(s):  
Rosa Celorio

On October 5, 2018, the Inter-American Commission on Human Rights (IACHR or Commission) issued its long-awaited decision in the case of José Isabel Salas Galindo and Others concerning the United States. The case is related to the U.S. military intervention in Panama on December 20, 1989, which resulted in the ouster of General Manuel Noriega Moreno, the country's ruler at the time. This U.S. military operation—better known as “Operation Just Cause”—has been the subject of extensive commentary historically and wide reflection on the number of casualties, effects, legality, and scope.


2018 ◽  
Vol 19 (1) ◽  
pp. 333-361
Author(s):  
Robin Hui Huang

Abstract China has a civil procedure for collective litigation, which is dubbed Chinese-style class action, as it differs from the U.S.-style class action in some important ways. Using securities class action as a case study, this Article empirically examines both the quantity and quality of reported cases in China. It shows that the number of cases is much lower than expected, but the percentage of recovery is significantly higher than that in the United States. Based on this, the Article casts doubt on the popular belief that China should adopt the U.S.-style class action, and sheds light on the much-debated issue concerning the relationship between public and private enforcement of securities law. The Article also discusses the future prospects of securities class action in China in light of some recent developments which may provide its functional equivalents, including the regulator-brokered compensation fund and public interest group litigation.


Design Issues ◽  
2017 ◽  
Vol 33 (2) ◽  
pp. 31-42
Author(s):  
Pedro Ignacio Alonso ◽  
Hugo Palmarola

In 1957 as part of the Minitrack Network, the U.S. Army installed a satellite-tracking station in Peldehue, Chile, intended to track radio signals from what was then the United States’ Vanguard project. With the creation of the National Aeronautics and Space Administration (NASA) in 1958, the station came under its new administration, becoming the subject of a process of rebranding that included the monumental installation of the agency insignia, a rounded slab made in concrete and tiles. By examining this object from a design and archaeological perspective - as it nowadays lays abandoned nearby its original location - this paper attempts to advance our understanding of the Chilean station in terms of its place within a much larger global network by analyzing it within the intersection of design, military economies, technologies, ideologies, and cultural and geospatial considerations.


2021 ◽  
pp. 163-210
Author(s):  
Marc I. Steinberg

This chapter focuses on the erratic and unacceptable private securities litigation framework that prevails in the United States. The litigation structure contained in the federal securities acts was based on a different era and is not suitable for today’s securities markets. Although federal legislation has been enacted to address perceived shortcomings on an episodic basis, significant gaps and inconsistencies exist. Likewise, the federal courts, faced with a fractured statutory regimen, frequently have construed the remedial provisions in a wooden and unduly restrictive manner. The consequence of these congressional and judicial actions is a disparate liability framework that lacks sound logic, consistency, and even-handed treatment for plaintiffs and defendants alike. This chapter provides several examples of the inconsistencies and disparate treatment that prevail under the federal securities laws. Thereafter, recommendations for corrective measures are proffered. These proposals, if adopted and effectively implemented, should instill a substantially greater degree of certainty, uniformity, and equity than currently exists.


2019 ◽  
Vol 16 (2) ◽  
pp. 329-339
Author(s):  
Daniel Herda

Citizens’ tendency to overestimate the size of immigrant populations has been the subject of several studies over the past three decades. While we have learned a great deal about the extent, causes, and potential consequences of this population innumeracy, our understanding remains static. The current letter offers the first longitudinal consideration of immigrant population size misperceptions with an analysis across a nine-year span in the U.S. This study considers: 1) whether misperceptions have changed over time; 2) how these changes compare to the growth of the actual foreign-born population size; and 3) whether these changes are related to demographic and ideological factors. Results indicate that misperceptions have grown rapidly in the U.S, far outpacing the modest, actual increases across the period. Pooled cross-sectional analyses indicate that demographic factors do not explain the growth in misperceptions. However, the overestimates of politically conservative Americans have grown increasingly extreme over time.


2011 ◽  
Vol 40 (3) ◽  
pp. 218-219

Ambassador Rice made the following statement to the UN Security Council in effort to explain how the United States could veto a draft resolution (see Doc. A4 above) reaffirming the illegality of Israeli settlements that had been carefully crafted to use wording from previous U.S. official statements on the subject under consideration. The text was taken from the United States Mission to the United Nations Web site at usun.state.gov. For background on the resolution and the U.S. veto, see Graham Usher's “Letter from the UN” in this issue


1991 ◽  
Vol 5 (4) ◽  
pp. 219-227 ◽  
Author(s):  
Susan M Collins

As the Soviet Union and the countries in Eastern Europe take steps towards market economies and democratic political systems, the U.S. and other western countries have been confronted by a range of difficult and important questions about the appropriate economic policy response. What role should government policies play? How much assistance should be given? In what form? What actual policies have been undertaken? Are they a lot or a little? At one extreme, some argue that the United States and other developed countries should finance the rebuilding of the Soviet Union and Eastern Europe—even though it may cost tens of billions of dollars per year, for at least a decade. At the other end of the spectrum are those who argue that Eastern Europe does not warrant official U.S. assistance, other than for humanitarian purposes, because the situation is just too precarious, because there are worthier uses of scarce government resources, or because any restructuring should be undertaken by the private sector. This paper suggests a framework for answering these questions that considers both the nations of Eastern Europe and recent proposals for direct assistance to the Soviet Union. It draws upon the valuable lessons to be learned from assistance to the developing countries and from historical experience.


1967 ◽  
Vol 27 (2) ◽  
pp. 151-197 ◽  
Author(s):  
Paul A. David

Scholarly opinion currently evinces disturbing symptoms of latent schizophrenia on the subject of economic growth in the ante-bellum United States. Virtually every student of the era now appears convinced that the long-term rate of growth of aggregate product per capita underwent a significant acceleration “somewhere during the period between 1815 and 1860,” as Douglass North recently phrased it. And, if many economic historians protest W. W. Rostow's labeling the years following 1843 as the period of the U.S. “take-off,” most do not seem to balk at accepting the guess hazarded by Raymond Goldsmith: “a fairly sharp break in the trend of real national product per head … occurred not very long before 1839,” quite probably during the 1830's. To the uninitiated, it might seem obvious that everybody also subscribes to an explicit set of assertions about the secular rate of growth of per capita product during the period from, say, the founding of the nation to the date of the putative acceleration; otherwise, how could all agree that a significant alteration in the trend had occurred?


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