Ilike to know about history of insider trading and what SECdo about this .imgoing to write an article and i like to know about any couty`s law about insider trading. and i like to know how many books or article are there may be find about that?
2006-10-20 01:56:58 · 5 answers · asked by mdnurir 1 in Business & Finance ➔ Corporations
insider trading is to buy or sell stocks because of information not known to the general public. From the 1800s until the government made the law against insider trading, (1) people would start "panics" on stocks. Most people would then sell their stocks and these people would buy them up and make a lot of money off the stock or (2) the insiders would have information that they knew would cause the stock to go down and they would sell the stock before the information became public. To restore the public's trust in the stock market the government made insider trading against the law . Since the SEC is the watchdog of the stock exchange, they are the ones to investigate to see if insider trading happened when there is suspectious occurance. They can recommend legal action be taken against anyone they suspect of insider trading. THERE MUST BE HUNDREDS OF ARTICLES ON INSIDER TRADING, BUT IF I WERE U, I WOULD GO TO THE INTERNET AND LOOK IT UP ON THE INTERNET.
2006-10-20 02:17:24 · answer #1 · answered by bettyswestbrook 4 · 0⤊ 0⤋
Insider trading is using information gained from a priveleged status as an employee, officer or director of a company to buy or sell the company's stock to an advantage, using information that the general investing public does not have. Let's say that you are the secretary in a computer company, and you hear someone say that the great new computer that they are making doesn't work right. If you went out and sold your stock, and then the company announced that they had a problem, that might be insider trading.
2006-10-20 02:05:42 · answer #2 · answered by hottotrot1_usa 7 · 0⤊ 0⤋
Insider trading is when someone has information that is not available to the general public and uses it to buy or sell a security (stock or bond).
It's illegal because it gives a few people a edge in making investments.
Here's an example. Suppose that the president of SPLATT, Inc. knows that the government is going to buy $43 billion dollars of anti-earthquake material from SPLATT. If he purchases stock in the company before the details are made public he has the advantage on others and may be held criminally liable.
2006-10-20 01:59:29 · answer #3 · answered by SPLATT 7 · 0⤊ 0⤋
insider trading is trading on non-public info. it is very difficult to detect. there are a ton of articles about it.
2006-10-20 01:59:27 · answer #4 · answered by Anonymous · 0⤊ 0⤋
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2016-12-16 10:50:01 · answer #5 · answered by ? 4 · 0⤊ 0⤋