Abstract

The purchase or sale of corporate stock by employees or other closely associated individuals, when done on the basis of information that is not publicly available, is called insider trading. Insider trading is illegal in the United States, and the Securities and Exchange Commission (SEC) vigorously enforces the laws with both civil and criminal penalties. By contrast, insider trading is legal in most European countries. A few other European countries have mild rules constraining insider trading, but those rules have not been enforced actively.KeywordsSupra NoteEquity FundInside TradingFiduciary DutyInside InformationThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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