Illegal Insider Trading
Rules against insider trading on material non-public information exist in most jurisdictions around the world, but the details and the efforts to enforce them vary considerably. Sections 16(b) and 10(b) of the Securities Exchange Act of 1934 directly and indirectly address insider trading. Congress enacted this act after the stock market crash of 1929. The United States is generally viewed as having the strictest laws against illegal insider trading, and makes the most serious efforts to enforce them.
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Famous quotes containing the words illegal and/or trading:
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—Crystal Eastman (1881–1928)
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Rose like a factor’s at a trading station.”
—Robert Frost (1874–1963)