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The Tipping Point: Federal Securities Law and the Preservation of Market Integrity
Micheli, Anthony
Micheli, Anthony
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Publisher
Date
2017
Additional date(s)
2017-05-19
Abstract
This study presents the issues inherent in the existing framework for evaluating alleged insider trading violations and proposes that the United States replace these rules and legal precedents with a statutory provision that both defines and expressly prohibits insider trading on the basis of an equality of access theory. To this end, the paper presents the origins of insider trading law, with particular emphasis on tipper-tippee liability, and ultimately seeks to demonstrate both philosophically and by example that an equality of access standard is more ethically sound and practical from an enforceability standpoint. It is meant to bear stylistic similarities to a law review article, with the goal of providing useful information and guidance for practitioners.
Contents
Subject
insider trading
tipping
tipper-tippee liability
securities law
securities market
stock exchange
MNPI
material nonpublic information
equality of access theory
Regulation FD
Securities Exchange Act of 1934
Rule 10b-5
Chiarella
O'Hagan
misappropriation theory
Newman
Salman
Market Abuse Directive
S.702
S. 702
Securities and Exchange Commission
SEC
tipping
tipper-tippee liability
securities law
securities market
stock exchange
MNPI
material nonpublic information
equality of access theory
Regulation FD
Securities Exchange Act of 1934
Rule 10b-5
Chiarella
O'Hagan
misappropriation theory
Newman
Salman
Market Abuse Directive
S.702
S. 702
Securities and Exchange Commission
SEC
Subject(s)
Research Projects
Organizational Units
Journal Issue
Genre
Description
Format
Department
Finance