A Comparative Study of Insider Trading Regulation Enforcement In the U.S. and China - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook A Comparative Study of Insider Trading Regulation Enforcement In the U.S. and China write by Han Shen. This book was released on 2010. A Comparative Study of Insider Trading Regulation Enforcement In the U.S. and China available in PDF, EPUB and Kindle. It is generally thought that protecting investors from act of expropriations by management, either in the form of looting or unfair self-dealing, or in the form of exploitation of management's inside information in trading securities, is a precondition to the optimal development of public securities markets. The regulation of insider trading, while controversial, is thus a subject of public imperatives. Following the regulation of insider trading in the U.S., the notion of insider trading has been widely introduced to many other jurisdictions, including China. Certainly, the mere existence of insider trading regulation is not sufficient to assure optimal securities market development; enforcement of insider trading regulation is the key. Recent scholarship concludes that the enforcement of insider trading laws has a strong impact on the cost of capital, whereas passing insider trading laws without enforcing them does not have this effect. This paper will principally address the issue of enforcement of insider trading regulation in the People's Republic of China. In doing so, the author frequently refers to the U.S. experience for two reasons: firstly, the U.S. was the first jurisdiction to enact insider trading regulation and today the U.S. continues to lead the world in the regulation and enforcement. The U.S. experience has been largely viewed as the "gold standard" for many emerging markets. Secondly, the U.S. insider trading regulation has served as a core influence on China's regulatory framework. When the stock markets were established in China in the early 1990s, the regulation primarily imitated the U.S. experience. Rather than developing a costly new regime, China may study how to enhance effective enforcement of existing regulations and may enjoy the learning advantage by adopting the best practices from the U.S. to avoid major pitfalls.
International Securities Markets
International Securities Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook International Securities Markets write by Hui Huang. This book was released on 2006-01-01. International Securities Markets available in PDF, EPUB and Kindle. This book offers the first detailed analysis of Chinaands insider trading law, explaining what constitutes insider trading in China and what the consequences of unlawful insider trading might be there. More importantly, it suggests ways in which the law might more effectively prevent the occurrence of insider trading in the first place. Among the elements of the legal framework addressed by the author are the following: and Who benefits from insider trading and The issue of when information becomes public and A comparative law treatment of the underlying theories of insider trading liability and Private civil liability and Damage caps and Measures of recovery The authorands approach focuses on Chinaands readiness to adopt foreign ideas without adequately assimilating them into the local context. In this connection, he sets out valuable reform proposals, using authority from field interviews with Chinese stakeholders as well as from comparative case law.
Insider Trading and the Regulation on China's Securities Market
Insider Trading and the Regulation on China's Securities Market - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Insider Trading and the Regulation on China's Securities Market write by (Robin) Hui Huang. This book was released on 2015. Insider Trading and the Regulation on China's Securities Market available in PDF, EPUB and Kindle. This article aims to provide an in-depth and updated analysis of insider trading regulation in China, looking at both “law in books” and “law in action.” Since the early 1990s, China has gradually set up a regulatory regime for insider trading in line with international experiences. Twenty years on, how effective has China's insider trading regulation been? How is it enforced? What are the recent developments and trends? This article critically examines the key elements of insider trading law as well as its theoretical basis in light of recent cases from a comparative perspective. It then conducts an empirical study of China's insider trading cases to provide insight into public and private enforcement of the law, and based on the findings, makes relevant suggestions to improve the efficacy of insider trading regulation in China.
A Comparative Analysis of Insider Trading Regulation: New Zealand, Australia and the European Union
A Comparative Analysis of Insider Trading Regulation: New Zealand, Australia and the European Union - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook A Comparative Analysis of Insider Trading Regulation: New Zealand, Australia and the European Union write by Elise Verdonck. This book was released on 2015-03-31. A Comparative Analysis of Insider Trading Regulation: New Zealand, Australia and the European Union available in PDF, EPUB and Kindle. Seminar paper from the year 2014 in the subject Law - Civil / Private, Trade, Anti Trust Law, Business Law, grade: A-, University of Auckland, course: Corporate Governance, language: English, abstract: Since the financial crisis in 2008 there is no doubt about the fact that the evolving financial markets are essential for economic growth, employment and prosperity. Those markets serve as financing means for the business world and consumers benefit from the availability of a wide range of financial products and the additional advantages that those markets entail (higher pensions and lower mortgage costs). However, if those financial markets want to continue to contribute both to economy and society, the promotion of a good, integer and transparent functioning of those markets is essential. The proper functioning of the financial markets is largely dependent on the confidence of investors in those markets. The fact that investors ‘must be placed on an equal footing’ is the underlying principle on which this confidence is based. Market participants must be assured to always have access to a minimum set of information before making their investment decisions. In this context, transparency plays an important role. The price of a financial instrument is always the result of the available financial information. And to have proper price formation, it is essential that all the stakeholders have equal access to the relevant information as much as possible. A lot of regulations have already been introduced in this area. Yet, the effectiveness of those regulations can be questioned. For example, directors can make use of certain non-public information to trade in securities. They abuse their superior knowledge and consequently other investors regard this as unfair trading. Due to those unfair practices, other potential investors will turn their back to the financial markets. Insider trading is likely to undermine the investors’ confidence in the market and may jeopardise the proper functioning of the market. Therefore insider trading should be prohibited. But in most cases, law enforcement authorities face difficulties in proving the offenses. Hence, insider trading is a social evil and remains difficult to combat. This research essay will compare the current legislation on insider trading in New Zealand, Australia and the EU.This research essay will compare the current legislation on insider trading in New Zealand, Australia and the EU. In the end, it will be clear that the fundamental differences between the three jurisdictions remain off.
The Definition of an "insider"
The Definition of an "insider" - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Definition of an "insider" write by Chʻiao Fan. This book was released on 1988. The Definition of an "insider" available in PDF, EPUB and Kindle.
