sge (Page 368) - with a company or is deemed to have been...

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with a company or is deemed to have been connected with a company, and who is reasonably expected to have access, by virtue of such connection to unpublished information which if made generally available would be likely to materially affect the price or value of the securities of the company, or who has received or has had access to such unpublished infor mation. Section 33 of the Act is the operative provision in so far as the prohibition of insider trading is concerned. It identifies the persons who must not deal in securities by virtue of their connection with a body corporate in the preceding 6 months. In addition, it embodies exceptions, the general rule and prescribes harsh criminal sanctions for offenders or conflicts. Arguably, the statutory framework for regulating insider dealing appears sufficient to meet the challenge of insider trading/dealing. However as the case in other jurisdictions, the principle challenge remain detection of the crime and securing a conviction e.g. in 242 July 2015
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  • Spring '14
  • Yexiao Xu
  • English-language films, U.S. Securities and Exchange Commission, Company Securities, harsh criminal sanctions

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