The Insider

WARDLAW, Circuit Judge: J. Thomas Talbot, a member of the board of directors of Fidelity National Financial, Inc., a Delaware corporation, traded on confidential information about the impending acquisition of LendingTree, Inc., which he received in his capacity as a Fidelity director. We must decide whether Talbot can be held liable under § 10(b) of the Securities Exchange Act of 1934 ("Exchange Act"), 15 U.S.C. § 78j(b), and Rule 10b-5, 17 C.F.R. § 240.10b-5, promulgated thereunder, for misappropriating

INTRODUCTION ASIC v Citigroup case was one of the biggest investment banking case of the year where the federal court dismissed ASIC’s allegation of breach of insider trading and the takeover of an advising party. Citi group received applause from commentators for their current practices, and the case fiduciary duties were affirmed upon the legal bases the investment banks and the effectiveness of the Chinese walls as a mean of dealing with potential conflicts (Ritchie 2008, p.1). Chinese walls

Internal Control Tool to avoid a fraud: Under this case • Role of independent Partner – responsible for sharing insider information to anyone. His actions should be monitored by other authorized persons of E & Y company since this is very sophisticated matter and also involved a reputation of the company. • Market reaction after involvement – E & Y should closely monitor

United States of America, Appellee v. Raj Rajaratnam, Defendant – Appellant. Court: United States Court of Appeals, Second Circuit. Raj Rajaratnam (Defendant) was convicted in the United States District Court for the Southern District of New York of insider trading crimes on May 11, 2011 by Judge - Richard J. Holwell. Raj Rajaratnam appealed the judgement of the District Court and the case was argued on October 25, 2012 at the United States Court of Appeals, second circuit. The judgement was affirmed

first considerations is insider status relative to the group that you want to study. Your level of insiderness depends on how close you are to the group. The more connected you are to the group, then the more of an insider you are. Taking the hypothetical from the book suppose that you want to study the subculture of drugs dealers. You could credibly play more of an insider role if you used to sell drugs or had friends who are drug dealers. There are advantages to being an insider such as being able to

INSIDERS Bolingbrook, Illinois Prepared for Illinois Institute of Technology And Ray Trygstad Prepared by ITMS Student Sultan Baig September 15, 2014 Abstract Insider is an employee who have access to company’s resources, has right to represent assets, and liberty to make decisions about them. An insider tag cannot be enforced only upon CEOs or senior level managers; instead, an insider can be anyone at any level who works or have worked for a company. The goal of this research paper

believe that insider trading leads to instability in the market. Economists Julan Du and Shang-Jin Wei suggest that when the market is at higher volatility, insider trading has mainly a part to play in this instability of the market. However, these two economists also believe that many other factors play into the market efficiency and insider trading. Some of these factors include: financial and economic policies, and the maturity of the stock market at the current time that insider trading occurs

Insider Trading: Should it be abolished? Insider trading is defined as “ trading whilst in possession of non-public information and if known to the public, may lead to a substantial movement in a security’s price” . In Australia it is prohibited by insider trading regulation (IT regulations) in the Corporations Law (CL) 1991 , though it was initially established from recommendations made by the Rae committee in 1974 on the mining company scandals . The latest law changed one single section to

Insider dealing in Hong Kong Although insider dealing has been a criminal offence under section 291 of Chapter 571, Securities and Futures Ordinance (SFO) in Hong Kong since 2003, the Securities and Futures Commission (SFC) was initially slow to prosecute offenders, commencing its first criminal insider dealing prosecution only in January 2008. Factors to be considered to commence criminal proceedings In deciding whether to commence criminal proceedings against an alleged insider dealer

world's most expensive art” (kqed.org). Moreover, I was shocked with Jiau’s illegal gain through insider trading. According to the interview, in exchange for her information, Jiau “reportedly received about $120,000 a year, plus a number of other perks such as three iPhones, a $300 gift certificate to the Cheesecake Factory, and a dozen fresh lobsters” (complianceweek.com). As far as I know, illegal insider trading