Basically, insider dealing refers to the trading of a corporation’s stock or other securities by individual with potential access to non-public information of the company the law of insider dealing in hong kong provides a much more detailed definition and is very comprehensive.
Insider trading has been a part of the us market since william duer used his post as assistant secretary of the treasury to guide his bond purchases in the late 1700s in this article, we will.
Here we look at some of the landmark incidents of insider trading. Insider dealings and the problems of business ethics in the ba insider dealings and the problems of business ethics in the banking industry in nigeria professionalism in banking is violated when ethical or legal fundamentals are breached or blatantly disregarded.
Chairman of ecobank transnational plc, kolapo lawson has denied any insider dealings by any of the board member of the bank, saying the petition against him and others lacks merit and cannot be authenticated. Stock exchange (nse) is seeking to block potential loopholes and widen the scope of enforcement against insider trading in the nigerian capital market.
Insider dealings in nigeria 2175 words 9 pages show more “examine the effectiveness of the provisions of the investment and securities act (isa 2007) on insider trading against the back drops of the provisions of the cama 1990 and the common law on the duties of directors of companies in preventing insider related offences and protecting the. Insider dealing 4296 words | 18 pages 1 introduction insider dealing has been affecting the efficiency of stock markets in different places like united states, united kingdom and australia hong kong is of no exception.
For further reading see abubakar garba, ‘impediments to effective enforcement of insider trading regulations in nigeria’ (2013) no 1, opinion vol 3 in proffering solutions to the problem of insider trading in nigeria, a comparative study of the insider trading law of nigeria with that of uk and usa was done. Regulating insider dealing in nigeria introduction the nigerian securities law prohibits false trading of securities and market rigging transactions the information the isa and sec rules and regulations try to portray to investors in secondary securities transactions is to ensure fair and transparent dealings.
Towards achieving an effective insider trading regulation in nigeria: a comparative study insider trading, no doubt is an economic problem ravaging the nigerian market it is therefore not surprising that the financial sector had to go through the process of mergers and acquisition mandated by the central bank of nigeria as one of the corrective measures. The shortcoming in regulating insider dealing in the financial markets in nigeria was discussed in the previous chapter this chapter will look at the us, the uk and the nigerian financial market this chapter will look at the us, the uk and the nigerian financial market. ( sub saharan africa 2008 ) the capital city of nigeria is abuja english is the official language at there the gdp real growth is 52 percent in 2008 and the labour force is about 5104 million people (starting your career in nigeria country guide for international students 2009 )the inflation rate is 115 percent.
The shortcoming in regulating insider dealing in the financial markets in nigeria was discussed in the previous chapter this chapter will look at the us, the uk and the nigerian financial market it would evaluate and criticise the comparative systems in these three jurisdictions.