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- Title
DEFINING ILLEGAL INSIDER TRADING--LESSONS FROM THE EUROPEAN COMMUNITY DIRECTIVE ON INSIDER TRADING.
- Authors
Hazen, Thomas Lee
- Abstract
The article compares the U.S. law on insider trading and the European Community's Insider Trading Directive. It discusses the failure of the U.S. Congress to define precisely what conduct constitutes improper trading on nonpublic information and the confusion on the application of Rule 10b-5. In contrast, the Insider Trading Directive issued by the European Community sets basic elements of the type of insider information and the categories of various participants in insider trading.
- Subjects
UNITED States; INSIDER trading laws; SECURITIES fraud; SECURITIES trading; EUROPEAN Community
- Publication
Law & Contemporary Problems, 1992, Vol 55, Issue 4, p231
- ISSN
0023-9186
- Publication type
Article
- DOI
10.2307/1192110