Insider Trading Sanctions in the 1980s in the US: An Economic Perspective of Facts and Background

2009 ◽  
Vol 23 (4) ◽  
pp. 177-197
Author(s):  
민세진
Keyword(s):  
Insider Trading ◽  
Economic Perspective ◽  
The Us

scholarly journals Should Women Consult Health Agencies in Matters of Birth Control and Contraception?

2020 ◽  
Vol 1 (2) ◽  
pp. 28-37
Author(s):  
Kraetschmer K
Keyword(s):  
Birth Control ◽  
Economic Perspective ◽  
Safety And Efficacy ◽  
Contraceptive Devices ◽  
Scholarly Publications ◽  
Health Agencies ◽  
The Us ◽  
Other Information ◽  
Recent Developments ◽  
Harmful Effects

Background and Aim: On the background of recent developments revealing the harmful effects of contraceptive devices which are recommended by health agencies the paper aims at analyzing publications and other information material emanating from these agencies. This analysis – guided by the bioethical principle of informed consent — focuses on flawed science, ambiguous language, and misleading data. Method and Material: The method consists of collecting and analyzing information provided by health agencies for consumers inquiring about the safety and efficacy of contraceptive products. The material comprises documents, charts, leaflets and other publications emanating from the most authoritative and most frequently consulted health agencies, in particular those active in the US and European countries. Results and Implications: As a result of the investigation women must be advised to consult only a selected number of health agencies, especially those which take into account findings of pharmacovigilance, pharmaceutical vigilance, and scholarly publications focusing on the safety of contraception. The implications from an economic perspective are the discontinuation of funding through taxpayer money for those health agencies which continue to disseminate flawed science and demonstrate incompetence in questions about the safety of contraception.

International Coherence in Digital Platform Regulation: An Economic Perspective on the US and EU Proposals

2021 ◽  
Author(s):  
Monika Schnitzer ◽  
Jacques Crémer ◽  
Gregory S. Crawford ◽  
David Dinielli ◽  
Amelia Fletcher ◽  
...  
Keyword(s):  
Economic Perspective ◽  
Digital Platform ◽  
The Us

SEC requires hedge funds to prevent insider trading despite unsettled legal definition

2017 ◽  
Vol 18 (1) ◽  
pp. 63-64
Author(s):  
Nicolas Morgan ◽  
Art Zwickel ◽  
Thomas A. Zaccaro ◽  
Jenifer Q. Doan
Keyword(s):  
Supreme Court ◽  
Insider Trading ◽  
Legal Concept ◽  
Content Type ◽  
Legal Definition ◽  
Enforcement Action ◽  
The Us ◽  
Us Supreme Court ◽  
Investment Advisers ◽  
Definition Of

Purpose To explain the import of a recent enforcement action by the US Securities and Exchange Commission (SEC) against an investment adviser for failing to prevent insider trading against the context of an unsettled legal definition of “insider trading” as evidenced by the issue presented in a recent case before the US Supreme Court. Design/methodology/approach Reviews the principal issues raised by the SEC in its enforcement action, legal requirements imposed on investment advisers, and the insider trading issues presented by the US Supreme Court case. Findings Because the legal concept of insider trading has developed through case law and is not defined by statute, it remains uncertain, and therefore the practice of insider trading will be difficult to prevent without restricting activities that could ultimately be determined to be legal. Practical implications In light of the SEC’s high threshold for investment advisers to prevent insider trading and the uncertain legal definition of that concept, investment advisers should review their insider trading policies and err on the side of caution. Originality/value Practical guidance from an experienced former SEC counsel and SEC practitioners offers new insights into the steps investment advisers should take in response to SEC enforcement activities and nebulous legal definitions.

scholarly journals SHORTING THE BEAR: A TEST OF ANECDOTAL EVIDENCE OF INSIDER TRADING IN EARLY STAGES OF THE SUB-PRIME MARKET CRISIS

2012 ◽  
Vol 2 (3) ◽  
pp. 61-69
Author(s):  
Les Coleman ◽  
Adi Schnytzer Adi Schnytzer
Keyword(s):  
Transaction Costs ◽  
Insider Trading ◽  
Anecdotal Evidence ◽  
Options Market ◽  
Market Activity ◽  
Early Stages ◽  
Price Signals ◽  
Insider Trades ◽  
The Us ◽  
Derivative Markets

This article uses trading data in the options market for shares in The Bear Sterns Companies (BSC) during the first half of 2007 during early stages of the US sub-prime crisis as a laboratory to examine the incidence of insider trading. The principle research objective is to enhance our understanding of the extent of strong form inefficiency in equity derivative markets. The presence of illegal insiders is particularly important to predictive markets as they raise transaction costs and deter participation by outsiders, which reduce the accuracy of price signals and markets’ forecasting ability. We take the perspective of a regulator making use of hindsight to identify the most propitious periods for insider trades and to identify market activity that is indicative of insiders. Half the value of BSC options traded during the first half of 2007 were on 19 percent of the days, mostly in contracts in or close-to the money and near to expiry. We find persuasive evidence that insiders could have been active in trading Bear Sterns stock during this period.

scholarly journals US – Shrimp: United States – Import Prohibition of Certain Shrimp and Shrimp Products: Recourse to Article 21.5 of the DSU by Malaysia

2003 ◽  
Vol 2 (S1) ◽  
pp. 41-71
Author(s):  
Robert Howse ◽  
Damien J. Neven
Keyword(s):  
United States ◽  
Simple Model ◽  
Environmental Standards ◽  
Economic Perspective ◽  
Trade Off ◽  
Appellate Body ◽  
The Us ◽  
Original Case ◽  
Dispute Settlements ◽  
Environmental Measures

This study discusses the ruling of the Appellate Body (AB) in the recourse to Article 21.5 of the DSU by Malaysia in the context of the US import prohibition of certain shrimp and shrimp products from a legal and economic perspective. The first part of the chapter (section 2) discusses the background of the case, and, in particular, presents the main issues at stake in the Panel and AB decisions in the original case as well as their main findings. Section 3 discusses the key elements of the compliance panel and its subsequent appeal and identifies a few issues that are discussed in further detail. In section 4, in the context of a simple model, we first consider the consequences of making imports contingent on the adoption of environmental measures in exporting countries. We find that the attractiveness of such measures depends heavily on the characteristics of abatement technology and the range of policies available in the exporting countries. Finally, section 5 briefly discusses the trade-off between flexibility in the imposition of environmental standards and the enforcement of dispute settlements’ rulings.

Part A Annotated Guide, 2 The Concept of Insider Dealing

2017 ◽  
Author(s):  
Ventoruzzo Marco
Keyword(s):  
Insider Trading ◽  
Market Abuse ◽  
Open Questions ◽  
The Us ◽  
Annotated Guide ◽  
Good Template ◽  
Insider Dealing ◽  
Ethical Basis ◽  
Regulatory Models ◽  
Regulatory Challenges

This chapter turns to the controversial issue of insider dealing. It offers a general background for the analytical discussion of the single provisions of the Market Abuse Regulation, before taking a broad view at the evolution of the phenomenon and the legal discourse surrounding it. To that end, this chapter adopts an historical perspective, and compares and contrasts different regulatory approaches (in the US and Europe, which offer a good template for most existing regulatory models). The economic and ethical basis invoked to support—or criticize—the prohibition of insider trading is then discussed. Finally, this chapter also discusses a few open questions or regulatory challenges that might be relevant in the next few years.

The Fall of the Honest Broker

2020 ◽  
pp. 189-214
Author(s):  
Sarah Paterson
Keyword(s):  
Insider Trading ◽  
Crucial Role ◽  
Abuse Liability ◽  
Corporate Law ◽  
Corporate Reorganization ◽  
Relevant Concept ◽  
Market Abuse ◽  
Honest Broker ◽  
The Us ◽  
Transparency And Disclosure

Thus far, this book has focused on concepts which have played a crucial role in formulating the debate between economically minded and progressively minded scholars about the policy and content of corporate reorganization law. In contrast with these earlier chapters, Chapter 8 is concerned with a concept which has not divided corporate reorganization law scholars to date, but which now interacts with another corporate law field in a new way. The relevant concept is the concept of transparency and disclosure, and the proximate field in question is the law of insider trading. Chapter 8 explores why shifts in identities in the finance field raise entirely new questions about the implications of transparency and disclosure for insider trading and market abuse liability in both the US and England.

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