Bill Wang and Marc Steinberg have published the Third Edition of their Insider Trading (Oxford Univ. Press). Here is a brief description of the treatise:
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.
Bill has summarized the book in an article called, "The United States Law on Stock Market Insider Trading and Tipping," 26 Nihon University Comparative Law Review 107 (2009).
Tuesday, November 16, 2010
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