David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Today, criminals are capable of covertly stealing financial secrets from multinational corporations. Securities jurisprudence, however, has focused largely on the activities of insiders who secretly trade on information that they legally garner through their positions of trust, and has not addressed the culpability of "mere thieves" who trade on confidential financial information gained through illegal means. As such, a void in securities law exists regarding how to address the theft and use of confidential financial information by strangers under the Securities and Exchange Commission's (SEC) Rule 10b-5. This article sets forth a jurisprudential analysis under which mere thieves who trade on stolen confidential information are liable for insider trading.
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library||
References found in this work BETA
No references found.
Citations of this work BETA
No citations found.
Similar books and articles
Jan H. W. Goslings (1997). Ethical Behaviour and Securities Trading. Business Ethics 6 (3):147–152.
Allen M. Parkman, Barbara C. George & Maria Boss (1988). Owners or Traders: Who Are the Real Victims of Insider Trading? Journal of Business Ethics 7 (12):965 - 971.
Joseph D. Beams, Robert M. Brown & Larry N. Killough (2003). An Experiment Testing the Determinants of Non-Compliance with Insider Trading Laws. Journal of Business Ethics 45 (4):309 - 323.
Mohammad Abdolmohammadi & Jahangir Sultan (2002). Ethical Reasoning and the Use of Insider Information in Stock Trading. Journal of Business Ethics 37 (2):165 - 173.
Khalil M. Torabzadeh, Dan Davidson & Hamid Assar (1989). The Effect of the Recent Insider-Trading Scandal on Stock Prices of Securities Firms. Journal of Business Ethics 8 (4):299 - 303.
Matthew Arnould, A Maverick Achieves Something Nobler Than Simple Rebellion: Why Sharesleuth is Legal Under Section 10(B) and Rule 10b-5, and Why It Should Remain That Way. [REVIEW]
James C. Gaa (2009). Corporate Governance and the Responsibility of the Board of Directors for Strategic Financial Reporting. Journal of Business Ethics 90 (2):179 - 197.
I. I. I. Session, Transaction Costs and Informational Cascades in Financial Markets: Theory and Experimental Evidence.
Patrick J. Glen, The Efficient Capital Market Hypothesis, Chaos Theory, and the Insider Filing Requirements of the Securities and Exchange Act of 1934: The Predictive Power of Form 4 Filings. [REVIEW]
Steven R. Salbu (1992). A Critical Analysis of Misappropriation Theory in Insider Trading Cases. Business Ethics Quarterly 2 (4):465-477.
Added to index2009-01-28
Total downloads2 ( #501,502 of 1,696,592 )
Recent downloads (6 months)1 ( #346,146 of 1,696,592 )
How can I increase my downloads?