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Description of International Insider Dealing
The global stock markets are intended to be "efficient markets" in which rational profit-maximisers actively compete with each other trying to predict future market values of individual securities, and where important current information is almost freely available to all participants.
In the real world some market participants, such as company directors and corporate advisers, have access to some information more quickly and more easily than do others. In order to regulate how these market participants can use this privileged information, national regulators and stock exchanges have created a range of rules in order to prevent the market being distorted. In many jurisdictions these rules carry criminal as well as civil penalties.
Unfortunately for the practitioner operating in a number of markets across a range of jurisdictions, these rules are not uniform and the penalties for breaches of these rules can result in imprisonment and/or substantial fines. In addition, the attendant publicity for failures to comply with insider dealing rules can result in plummeting share values and loss of reputation.
It is therefore incumbent on all those honestly operating in the world's stock markets to make themselves aware of the insider dealing rules that apply and to act in a way that ensures that these rules are not breached.
International Insider Dealing is an essential book that will ensure that you are aware of your obligations. It provides a comprehensive overview of the key rules relating to Insider Dealing in 25 markets.
Contents of International Insider Dealing
Introduction:
Part One: the Americas
United States
Canada
Mexico
Brazil
Part Two: Europe/Africa
United Kingdom
Germany
France
Spain
Switzerland
Netherlands
Italy
Republic of South Africa
Part Three: Asia Pacific
Japan
Hong Kong
Taiwan
Malaysia
Republic of Korea
Singapore
Australia
Thailand
Part Four: Emerging Nations
India
Philippines
Russia
Indonesia
China
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