Insider Trading: A Brief Overview of Legal Regime in USA, UK, India and Nepal
Mirmire-Economic Article Special Issue, Vol. 38, No. 293, January/February 2010
16 Pages Posted: 5 May 2010 Last revised: 23 Dec 2014
Date Written: January 1, 2010
The underlying act of buying or selling securities is perfectly legal activity. It is only the intention of trader that can make this legal activity a prohibited act of insider trading. Majority of the countries around the world, though not all, prohibit insider trading realizing that it is likely to undermine the confidence and may prejudice the smooth operation of the markets. Many different jurisdictions have different laws on insider trading but their common sole objective is to curb the menace of insider trading.
Keywords: Insider Trading, USA, UK, India, Nepal
JEL Classification: K22
Suggested Citation: Suggested Citation