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Insider trading

Index Insider trading

Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) by individuals with access to nonpublic information about the company. [1]

122 relations: Abuse, Affirmative defense, Anthony Chiasson, Ben Bernanke, Big boy letter, Billy Walters (gambler), Bitcoin, Bond (finance), Carl Icahn, CFA Institute, Chief executive officer, Commercialization, Commodity broker, Competitive advantage, Competitor analysis, Contract, Corporation, Criminal Justice Act 1993, Daniel Fischel, Dark web, Dean Foods, Diageo, Efficient-market hypothesis, Evercore, Executive compensation, Federal Bureau of Investigation, Financial Conduct Authority, Financial crisis of 2007–2008, Financial Services and Markets Act 2000, Financial Times, Form 4, Frank H. Easterbrook, Fraud, Front running, Geology, Goldman Sachs, Graham Holdings Company, Hazem Daouk, Hedge fund, Henry Blodget, Henry Manne, Henry Paulson, ImClone stock trading case, Information asymmetry, International Monetary Fund, International Organization of Securities Commissions, Intragroup conflict, JPMorgan Chase, Kidd Mine, Larry Elder, ..., Las Vegas, Malta, Mark Coakley, Market abuse, Market moving information, MarketWatch, Mathew Martoma, McKinsey & Company, Milton Friedman, Misappropriation, Mosaic theory (investments), Nettavisen, Nobel Memorial Prize in Economic Sciences, Option (finance), Perella Weinberg Partners, Peter Schweizer, Petroleum, Phil Mickelson, Pillsbury Company, Preet Bharara, Private Securities Litigation Reform Act, Procter & Gamble, Public company, Quid pro quo, R. Foster Winans, Raj Rajaratnam, Raj Rajaratnam/Galleon Group, Anil Kumar, and Rajat Gupta insider trading cases, Rajat Gupta, Real estate, Reebok insider trading case, Regulation Fair Disclosure, S.A.C. Capital Advisors, Sabotage, Scienter, SEC filing, SEC Rule 10b-5, SEC Rule 10b5-1, Securities Act of 1933, Securities Exchange Act of 1934, Securities fraud, Securities regulation in the United States, Security (finance), Security analysis, Selective disclosure, Sinvest, Slate (magazine), Spencer Bachus, Stock, STOCK Act, Stock exchange, Supreme Court of the United States, Systemic risk, Takeover, Tender offer, The Atlantic, The Journal of Finance, The New York Times, The Review of Financial Studies, The Straits Times, The Wall Street Journal, Thomas Sowell, Tip and Trade, Towers Watson, U.S. Securities and Exchange Commission, United States Congress, United States Court of Appeals for the Second Circuit, United States Federal Sentencing Guidelines, United States House Committee on Ways and Means, Utpal Bhattacharya, Williams Act, World Bank, Xu Xiang. Expand index (72 more) »

Abuse

Abuse is the improper usage or treatment of an entity, often to unfairly or improperly gain benefit.

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Affirmative defense

An affirmative defense to a civil lawsuit or criminal charge is a fact or set of facts other than those alleged by the plaintiff or prosecutor which, if proven by the defendant, defeats or mitigates the legal consequences of the defendant's otherwise unlawful conduct.

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Anthony Chiasson

Anthony R. Chiasson (born August 27, 1973) is an American hedge fund manager and co-founder of Level Global Investors LP, a Greenwich, Connecticut-based hedge fund management firm.

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Ben Bernanke

Ben Shalom Bernanke (born December 13, 1953) is an American economist at the Brookings Institution who served two terms as Chairman of the Federal Reserve, the central bank of the United States, from 2006 to 2014.

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Big boy letter

A big boy letter is a pre-sale agreement in connection with a private sale of securities (such as in a PIPE transaction) not to sue over non-disclosure of material inside information that is not disclosed, entered into between two sophisticated parties.

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Billy Walters (gambler)

William T. "Billy" Walters (born July 15, 1946) is an American professional gambler widely regarded as among the most successful sports gamblers in Las Vegas, having a winning streak which extended for over 30 years.

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Bitcoin

Bitcoin (₿) is the world's first cryptocurrency, a form of electronic cash.

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Bond (finance)

In finance, a bond is an instrument of indebtedness of the bond issuer to the holders.

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Carl Icahn

Carl Celian Icahn (born February 16, 1936) is an American businessman, investor, and philanthropist.

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CFA Institute

CFA Institute is a global association of investment professionals.

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Chief executive officer

Chief executive officer (CEO) is the position of the most senior corporate officer, executive, administrator, or other leader in charge of managing an organization especially an independent legal entity such as a company or nonprofit institution.

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Commercialization

Commercialization or commercialisation is the process of introducing a new product or production method into commerce—making it available on the market.

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Commodity broker

A commodity broker is a firm or individual who executes orders to buy or sell commodity contracts on behalf of clients and charges them a commission.

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Competitive advantage

In business, a competitive advantage is the attribute that allows an organization to outperform its competitors.

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Competitor analysis

Competitor analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.

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Contract

A contract is a promise or set of promises that are legally enforceable and, if violated, allow the injured party access to legal remedies.

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Corporation

A corporation is a company or group of people or an organisation authorized to act as a single entity (legally a person) and recognized as such in law.

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Criminal Justice Act 1993

The Criminal Justice Act 1993 is a United Kingdom Act of Parliament that set out new rules regarding drug trafficking, proceeds and profit of crime, financing of terrorism and insider dealing.

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Daniel Fischel

Daniel R. Fischel (born December 10, 1950) is the emeritus Lee and Brena Freeman Professor of Law and Business and former Dean of University of Chicago Law School.

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Dark web

The dark web is the World Wide Web content that exists on darknets, overlay networks that use the Internet but require specific software, configurations or authorization to access.

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Dean Foods

Dean Foods is an American food and beverage company and the largest dairy company in the United States.

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Diageo

Diageo plc is a British multinational alcoholic beverages company, with its headquarters in London, England.

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Efficient-market hypothesis

The efficient-market hypothesis (EMH) is a theory in financial economics that states that asset prices fully reflect all available information.

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Evercore

Evercore Inc., formerly known as Evercore Partners, is a global independent investment banking advisory firm founded in 1995 by Roger Altman, David Offensend, and Austin Beutner.

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Executive compensation

Executive compensation or executive pay is composed of the financial compensation and other non-financial awards received by an executive from their firm for their service to the organization.

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Federal Bureau of Investigation

The Federal Bureau of Investigation (FBI), formerly the Bureau of Investigation (BOI), is the domestic intelligence and security service of the United States, and its principal federal law enforcement agency.

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Financial Conduct Authority

The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry.

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Financial crisis of 2007–2008

The financial crisis of 2007–2008, also known as the global financial crisis and the 2008 financial crisis, is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930s.

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Financial Services and Markets Act 2000

The Financial Services and Markets Act 2000 is an Act of the Parliament of the United Kingdom that created the Financial Services Authority (FSA) as a regulator for insurance, investment business and banking, and the Financial Ombudsman Service to resolve disputes as a free alternative to the courts.

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Financial Times

The Financial Times (FT) is a Japanese-owned (since 2015), English-language international daily newspaper headquartered in London, with a special emphasis on business and economic news.

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Form 4

Form 4 is a United States SEC filing that relates to insider trading.

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Frank H. Easterbrook

Frank Hoover Easterbrook (born September 3, 1948) is a United States Circuit Judge of the United States Court of Appeals for the Seventh Circuit.

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Fraud

In law, fraud is deliberate deception to secure unfair or unlawful gain, or to deprive a victim of a legal right.

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Front running

Front running, also known as tailgating, is the prohibited practice of entering into an equity (stock) trade, option, futures contract, derivative, or security-based swap to capitalize on advance, nonpublic knowledge of a large pending transaction that will influence the price of the underlying security.

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Geology

Geology (from the Ancient Greek γῆ, gē, i.e. "earth" and -λoγία, -logia, i.e. "study of, discourse") is an earth science concerned with the solid Earth, the rocks of which it is composed, and the processes by which they change over time.

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Goldman Sachs

The Goldman Sachs Group, Inc. is an American multinational investment bank and financial services company headquartered in New York City.

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Graham Holdings Company

Graham Holdings Company (formerly The Washington Post Company) is a diversified American conglomerate, best known for formerly owning the newspaper for which it was once named, The Washington Post, and Newsweek.

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Hazem Daouk

Hazem Daouk is a financial economist, known for his work on securities regulation, especially insider trading, earnings management and short selling.

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Hedge fund

A hedge fund is an investment fund that pools capital from accredited individuals or institutional investors and invests in a variety of assets, often with complex portfolio-construction and risk-management techniques.

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Henry Blodget

Henry Blodget (born 1966) is an American businessman, investor and, journalist.

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Henry Manne

Henry G. Manne (May 10, 1928 – January 17, 2015) was an American writer and academic, considered a founder of the law and economics discipline.

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Henry Paulson

Henry Merritt "Hank" Paulson Jr. (born March 28, 1946) is an American banker who subsequently served as the 74th Secretary of the Treasury.

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ImClone stock trading case

A U.S. Securities and Exchange Commission and U.S. Attorney probe of trading in the shares of ImClone Systems resulted in a widely publicized criminal case, which resulted in prison terms for media celebrity Martha Stewart, ImClone chief executive officer Samuel D. Waksal and Stewart's broker at Merrill Lynch, Peter Bacanovic.

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Information asymmetry

In contract theory and economics, information asymmetry deals with the study of decisions in transactions where one party has more or better information than the other.

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International Monetary Fund

The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., consisting of "189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1945 at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system.

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International Organization of Securities Commissions

The International Organisation of Securities Commissions (IOSCO) is an association of organisations that regulate the world’s securities and futures markets.

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Intragroup conflict

Intragroup conflict (or infighting) refers to conflict between two or more members of the same group or team.

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JPMorgan Chase

JPMorgan Chase & Co. is an American multinational investment bank and financial services company headquartered in New York City.

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Kidd Mine

Kidd Mine is an underground base metal mine in the city of Timmins, Ontario, Canada.

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Larry Elder

Laurence Allen "Larry" Elder (born April 27, 1952) is an American radio commentator.

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Las Vegas

Las Vegas (Spanish for "The Meadows"), officially the City of Las Vegas and often known simply as Vegas, is the 28th-most populated city in the United States, the most populated city in the state of Nevada, and the county seat of Clark County.

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Malta

Malta, officially known as the Republic of Malta (Repubblika ta' Malta), is a Southern European island country consisting of an archipelago in the Mediterranean Sea.

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Mark Coakley

Mark Coakley is a Canadian writer of non-fiction.

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Market abuse

Market abuse may arise in circumstances where financial market investors have been unreasonably disadvantaged, directly or indirectly, by others who.

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Market moving information

Market moving information is a term used in stock market investing, defined as information that would cause any reasonable investor to make a buy or sell decision.

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MarketWatch

MarketWatch operates a financial information website that provides business news, analysis, and stock market data.

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Mathew Martoma

Mathew Martoma (born May 18, 1974 as Ajai Mathew Mariamdani Thomas) is an American former hedge fund trader.

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McKinsey & Company

McKinsey & Company is an American worldwide management consulting firm.

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Milton Friedman

Milton Friedman (July 31, 1912 – November 16, 2006) was an American economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.

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Misappropriation

In law, misappropriation is the unauthorized use of another's name, likeness, or identity without that person's permission, resulting in harm to that person.

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Mosaic theory (investments)

The Mosaic theory in finance is a method used in security analysis to analyze information about a corporation.

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Nettavisen

Nettavisen is a Norwegian online newspaper, launched in 1996 as the first in the country that was not created as part of a pre-existing newspaper.

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Nobel Memorial Prize in Economic Sciences

The Nobel Memorial Prize in Economic Sciences (officially Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne, or the Swedish National Bank's Prize in Economic Sciences in Memory of Alfred Nobel), commonly referred to as the Nobel Prize in Economics, is an award for outstanding contributions to the field of economics, and generally regarded as the most prestigious award for that field.

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Option (finance)

In finance, an option is a contract which gives the buyer (the owner or holder of the option) the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price on a specified date, depending on the form of the option.

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Perella Weinberg Partners

Perella Weinberg Partners L.P. is an independent, privately owned, global financial services firm providing corporate advisory and asset management services to clients around the world.

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Peter Schweizer

Peter Franz Schweizer (born November 24, 1964) is an American investigative journalist, novelist, author, and political consultant.

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Petroleum

Petroleum is a naturally occurring, yellow-to-black liquid found in geological formations beneath the Earth's surface.

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Phil Mickelson

Philip Alfred Mickelson (born June 16, 1970), nicknamed Lefty, is an American professional golfer.

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Pillsbury Company

Pillsbury is an American brand name used by Minneapolis-based General Mills and Orrville, Ohio-based J.M. Smucker Company.

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Preet Bharara

Preetinder Singh Bharara (born October 13, 1968) is an American lawyer who served as the United States Attorney for the Southern District of New York from 2009 to 2017.

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Private Securities Litigation Reform Act

The Private Securities Litigation Reform Act of 1995, Pub.

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Procter & Gamble

Procter & Gamble Co. (P&G) is an American multi-national consumer goods corporation headquartered in downtown Cincinnati, Ohio, founded in 1837 by British American William Procter and Irish American James Gamble.

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Public company

A public company, publicly traded company, publicly held company, publicly listed company, or public corporation is a corporation whose ownership is dispersed among the general public in many shares of stock which are freely traded on a stock exchange or in over the counter markets.

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Quid pro quo

Quid pro quo ("something for something" in Latin) is a phrase used in English to mean an exchange of goods or services, in which one transfer is contingent upon the other; "a favour for a favour".

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R. Foster Winans

Robert, published 1987 by Alice Winans Egy Woolley, page 96 of the Conrad Winans section, available from the LDS church's Family History Library on microfiche #6088122, or online at Foster Winans (born August 5, 1948) is a former columnist for The Wall Street Journal who co-wrote the "Heard on the Street Column" from 1982 to 1984 and was convicted of insider trading and mail fraud.

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Raj Rajaratnam

Raj Rajaratnam (ராஜ் ராஜரத்தினம்; born Rajakumaran Rajaratnam; June 15, 1957) is a Sri Lankan-American former hedge fund manager and billionaire founder of the Galleon Group, a New York-based hedge fund management firm.

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Raj Rajaratnam/Galleon Group, Anil Kumar, and Rajat Gupta insider trading cases

The Raj Rajaratnam/Galleon Group, Anil Kumar, and Rajat Gupta insider trading cases are parallel and related civil and criminal actions by the United States Securities and Exchange Commission and the United States Department of Justice against three friends and business partners: Galleon hedge fund founder-owner Raj Rajaratnam and former McKinsey & Company senior executives Anil Kumar and Rajat Gupta.

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Rajat Gupta

Rajat Kumar Gupta (born 2 December 1948) is an Indian-American businessman.

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Real estate

Real estate is "property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.

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Reebok insider trading case

The Reebok insider trading case was an insider trading scheme that took place in 2004 and 2005 and involved tips from a Merrill Lynch investment banker, confidential information from Business Week and a grand juror, and trades by individuals in both the United States and Europe.

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Regulation Fair Disclosure

Regulation Fair Disclosure,.

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S.A.C. Capital Advisors

SAC Capital Advisors was a group of hedge funds founded by Steven A. Cohen in 1992.

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Sabotage

Sabotage is a deliberate action aimed at weakening a polity, effort or organization through subversion, obstruction, disruption or destruction.

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Scienter

Scienter is a legal term that refers to intent or knowledge of wrongdoing.

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SEC filing

A SEC filing is a financial statement or other formal document submitted to the U.S. Securities and Exchange Commission (SEC).

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SEC Rule 10b-5

SEC Rule 10b-5, codified at, is one of the most important rules targeting securities fraud promulgated by the U.S. Securities and Exchange Commission, pursuant to its authority granted under § 10(b) of the Securities Exchange Act of 1934.

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SEC Rule 10b5-1

SEC Rule 10b5-1, codified at, is a regulation enacted by the United States Securities and Exchange Commission (SEC) in 2000.

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Securities Act of 1933

The United States Congress enacted the Securities Act of 1933, also known as the 1933 Act, the Securities Act, the Truth in Securities Act, the Federal Securities Act, or the '33 Act, Title I of Pub.

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Securities Exchange Act of 1934

The Securities Exchange Act of 1934 (also called the Exchange Act, '34 Act, or 1934 Act) (codified at et seq.) is a law governing the secondary trading of securities (stocks, bonds, and debentures) in the United States of America.

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Securities fraud

Securities fraud, also known as stock fraud and investment fraud, is a deceptive practice in the stock or commodities markets that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of securities laws.

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Securities regulation in the United States

Securities regulation in the United States is the field of U.S. law that covers transactions and other dealings with securities.

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Security (finance)

A security is a tradable financial asset.

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Security analysis

Security analysis is the analysis of tradeable financial instruments called securities.It deals with finding the proper value of individual securities(i.e stocks and bonds).

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Selective disclosure

Selective disclosure is a situation when a publicly traded company discloses material information to a single person, or a limited group of people or investors, as opposed to disclosing the information to all investors at the same time.

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Sinvest

Sinvest is a Norwegian oil drilling investment company, with headquarters in Kristiansand.

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Slate (magazine)

Slate is an online magazine that covers current affairs, politics, and culture in the United States from a liberal perspective.

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Spencer Bachus

Spencer Thomas Bachus III (born December 28, 1947) is an American politician.

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Stock

The stock (also capital stock) of a corporation is constituted of the equity stock of its owners.

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STOCK Act

The Stop Trading on Congressional Knowledge (STOCK) Act is an Act of Congress designed to combat insider trading.

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Stock exchange

A stock exchange, securities exchange or bourse, is a facility where stock brokers and traders can buy and sell securities, such as shares of stock and bonds and other financial instruments.

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Supreme Court of the United States

The Supreme Court of the United States (sometimes colloquially referred to by the acronym SCOTUS) is the highest federal court of the United States.

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Systemic risk

In finance, systemic risk is the risk of collapse of an entire financial system or entire market, as opposed to risk associated with any one individual entity, group or component of a system, that can be contained therein without harming the entire system.

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Takeover

In business, a takeover is the purchase of one company (the target) by another (the acquirer, or bidder).

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Tender offer

In corporate finance, a tender offer is a type of public takeover bid.

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The Atlantic

The Atlantic is an American magazine and multi-platform publisher, founded in 1857 as The Atlantic Monthly in Boston, Massachusetts.

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The Journal of Finance

The Journal of Finance is a peer-reviewed academic journal published by Wiley-Blackwell on behalf of the American Finance Association.

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The New York Times

The New York Times (sometimes abbreviated as The NYT or The Times) is an American newspaper based in New York City with worldwide influence and readership.

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The Review of Financial Studies

The Review of Financial Studies is a peer-reviewed academic journal covering the field of finance.

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The Straits Times

The Straits Times is an English-language daily broadsheet newspaper based in Singapore currently owned by Singapore Press Holdings (SPH).

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The Wall Street Journal

The Wall Street Journal is a U.S. business-focused, English-language international daily newspaper based in New York City.

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Thomas Sowell

Thomas Sowell (born June 30, 1930) is an American economist and social theorist who is currently Senior Fellow at the Hoover Institution, Stanford University.

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Tip and Trade

Tip and Trade is a 2011 book by Canadian author Mark Coakley that depicts an insider trading conspiracy involving Wall Street lawyer Gil Cornblum and another lawyer, Stan Grmovsek, who were found to have gained over $10 million in illegal profits over a 14-year span.

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Towers Watson

Towers Watson & Co. was a global professional services firm.

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U.S. Securities and Exchange Commission

The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government.

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United States Congress

The United States Congress is the bicameral legislature of the Federal government of the United States.

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United States Court of Appeals for the Second Circuit

The United States Court of Appeals for the Second Circuit (in case citations, 2d Cir.) is one of the thirteen United States Courts of Appeals.

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United States Federal Sentencing Guidelines

The Federal Sentencing Guidelines are rules that set out a uniform sentencing policy for individuals and organizations convicted of felonies and serious (Class A) misdemeanors in the United States federal courts system.

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United States House Committee on Ways and Means

The Committee on Ways and Means is the chief tax-writing committee of the United States House of Representatives.

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Utpal Bhattacharya

Utpal Bhattacharya is a finance professor at the Hong Kong University of Science and Technology.

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Williams Act

The Williams Act (USA) refers to 1968 amendments to the Securities Exchange Act of 1934 enacted in 1968 regarding tender offers.

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World Bank

The World Bank (Banque mondiale) is an international financial institution that provides loans to countries of the world for capital projects.

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Xu Xiang

Xu Xiang (born February 1977 in Ningbo, Zhejiang) is a former Chinese private placement investor and the General Manager of Zexi Investment (泽熙投资), a Chinese investment company.

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Inside information, Inside trading, Insider Dealing, Insider Trading, Insider dealing, Insider information, Insider trade.

References

[1] https://en.wikipedia.org/wiki/Insider_trading

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