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Securities Law: Insider Trading (Turning Point Series)
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20 new or used available from $1.41
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Product Description
Selected insider trading cases have been compiled in this Turning Points series casebook as a way of illustrating the development of securities/insider trading law. Text and explanations accompany each case.
Product Details
- Amazon Sales Rank: #1517323 in Books
- Published on: 1999-06
- Original language: English
- Number of items: 1
- Binding: Paperback
- 208 pages
Editorial Reviews
From the Author
Insider trading is one of the most common violations of the federal securities laws. It is certainly the violation that has mostly clearly captured the public's imagination. What other corporate or securities law doctrine provided the plot line of a major motion picture, as insider trading did in Oliver Stone's Wall Street (1987)?
The term insider trading actually is something of a misnomer. It conjures up images of corporate directors or officers using secret information to buy stock from (or sell it to) unsuspecting investors. To be sure, the modern federal insider trading prohibition proscribes a corporation's officers and directors from trading on the basis of material nonpublic information about their firm, but it also casts a far broader net. My book describes that net in detail, explaining how insider trading law captures a wide range of conduct.
From a policy perspective, insider trading remains one of the most controversial aspects of securities law. Courts and regulators typically justify the prohibition on fairness or other equity grounds. Is insider trading clearly unfair, however? Many leading corporate law scholars contend that the legality of insider trading should turn not on fairness considerations, but rather on issues of economic efficiency. Some of these commentators believe that the prohibition cannot be justified on efficiency grounds, while others have offered various economic justifications for the prohibition. Although virtually no one seriously believes that the federal insider trading prohibition is likely to be repealed any time soon, the academic policy debate nevertheless rewards study. Understanding the policy issues at stake can help inform the way in which unresolved aspects of the prohibition are settled.
About the Author
Harvard Law School
Customer Reviews
Disappointment
If I had know that the book was such a small book, a summary introduction to "insider trading", so superficial, I'd never spent the money or time.
Nothing new about insider trading. An interesting overview for those who would like a glance of what "insider trading" is. Not a book for those already familiar with "Texas Gulph Suphur" or the basics of insider trading.
Being the author a university professor and being the price so HIGH, I'd expected something different.
MY dissapointment might be due to plaintly false expectations. Maybe all "turning point series" are booklets like this one and all north-american readers know that already.
A Great Read
I recommend this book to anyone who would like an informed yet entertaining examination of Insider Trading as it impacts corproate governance and our economy.
