61. SEC's Insider Trading Proposal: Good Politics, Bad Policy led to the promulgation of the SEC's recently proposed compromise statute, whichpurports to define the crime of insider trading for the first time.7 The http://www.cato.org/pubs/pas/pa101es.html

@import "/styles/ns4_toxins.css"; Advanced Search Help Books Policy Studies ... El Cato Cato Policy Analysis No. 101 March 31, 1988 SEC's Insider Trading Proposal: Good Politics, Bad Policy by Jonathan R. Macey Jonathan R. Macey is a professor of law at Cornell University. Executive Summary Although the ethical and economic aspects of insider trading regulation have been discussed at length, only recently have commentators begun to examine the political aspects of this practice.[1] The virtual total neglect of the political side of the story is particularly curious in light of the fact that regulation of insiders' trading practices has become a highly politicized issue and has prompted numerous hearings[2] and bills[3] in Congress. At present, a battle for the right to regulate insider trading is being fought among Congress, the regulators at the SEC, and the federal judiciary. Each of these organizations has an institutional (if not political) interest in regulating the trading practices of insiders, and those interests are reflected in the regulations and proposals they have promulgated. Not surprisingly, the federal judiciary, insulated as it is by the relative independence from political pressures brought about by Article III of the Constitution, has promulgated the most sensiblethough not thoroughly sensiblerules about insider trading.[4] It is dissatisfaction with these rules among powerful political constituencies that has led the SEC and Congress to attempt to abrogate the clear rules developed by the Supreme Court and the lower federal courts over the last several years.

62. Ayn Rand Institute -- Martha And The Tall Poppies The Martha Stewart scandal is a case study in the Tall Poppy Syndrome.First, it is important to grasp what a noncrime insider trading is. http://www.aynrand.org/medialink/columns/rt062402.shtml

Martha and the Tall Poppies By Robert Tracinski (Click here to download an image of this author for print publication.) Why do so many people hate Martha Stewart? How does a home-decorating and entertaining expert with a sweet, wholesome public persona come to be portrayed as a major cultural villain? There is only one explanation for this tone of vicious glee. Martha is hated because she's a tall poppy. The problem with Martha Stewart, we are told, is that the lifestyle she promotes in her books, magazines and television shows projects an "unattainable" perfection. Her kitchen is too clean, her house is too beautiful, and her parties are too elegant. She gets too much done in a day. Such perfection, the charge goes, merely makes everyone else feel inadequate because they can't measure up. The Martha Stewart "scandal" is a case study in the Tall Poppy Syndrome. First, it is important to grasp what a non-crime "insider trading" is. The allegation is that Sam Waksal, CEO of the drug-development company ImClone, phoned relatives and close friends to warn them of an upcoming FDA ruling that would wreck his company's stock. This "inside information" supposedly gave Stewart and others an "unfair" advantage. In a "fair" world, apparently, investors are forced to hold on to their stock even when they know it's going to crash. Martha's alleged "crime" is not wanting to lose money. But even the evidence for this pseudo-crime is lacking. Stewart, it turns out, had already sold much of her stock in ImClone the previous month but, according to one source, she was prevented by SEC limits from selling it all. This means that Martha made the decision to sell long before the FDA's ruling. As for her phone calls with Waksal, they are close friends and according to some reports were once romantically linked. Is it the SEC's job to monitor the friendships and love lives of CEOs?

63. Summary Of The Convention On Insider Trading (ETS No. 130) of stock market prices, laundering of the proceedings of crime, etc of mutual assistancein criminal matters relating to offences involving insider trading. http://conventions.coe.int/Treaty/en/Summaries/Html/130.htm

C onvention on Insider Trading (ETS no. 130) Summary Open for signature by the member States of the Council of Europe, in Strasbourg, on 20 April 1989. Entry into force: 1 October 1991. Summary of the treaty The Convention provides for mutual assistance through the exchange of information between those responsible at national level for the surveillance of stock exchange transactions in order to discover and identify as rapidly as possible the preparation of irregular operations of insider trading. Parties may, by simple declaration, extend this mutual assistance machinery to the search for those responsible for other irregular deals which could adversely affect equal access to information for all stock market traders or the quality of the information supplied to investors in order to ensure honest dealing (fraudulent financial operations, "rigging" of stock market prices, "laundering" of the proceedings of crime, etc.). The Parties undertake to afford each other the widest measure of mutual assistance in criminal matters relating to offences involving insider trading.

64. Adequacy.org An Adequate Look At Insider Trading the US, the people to whom the benefits of insider trading presently accrue whenProhibition lifted it's the illegality that causes the crime, violence, and http://www.adequacy.org/stories/2002.1.10.154733.427.html

65. MyStockOptions.com - Member Login the SEC really investigate small insidertrading violations is premium content Whenirregular trading activity is Is lying during an SEC investigation a crime? http://www.mystockoptions.com/articles/index.cfm/catid/1FD3C7CF-447A-495D-9F39DB

Fundamentals NQSOs ISOs ESPPs ... Special Offer for Registered Members Register Now Only registered members can access our content and tools. Click here to register for free and see all the features we offer! The content with the logo requires Premium Membership. Member Sign In Username Password Forgot your username or password? Click here and we will try to help you find it. Question or comments? Email support or call 617-734-1979. Home My Records My Tools My Library ... Privacy

66. Trading On Insider Information Is Tempting ---- And Illegal - NCTimes.net Before you decide, remember that insider trading is a crime in the United States. Somepeople say insider trading is a victimless crime. That may be the case. http://www.nctimes.net/news/110100/sss.html

Today's Weather Our Best Links What We Do NEWS LIBRARY - Today's Stories - Columnists - Thornhill's View - Special Reports - Stock Prices - News Archives ABOUT US - Who's Who - Times Jobs - Contact us - Send A Letter LOCAL GUIDES - Weather - Traffic - TV Listings - Movie Listings - Community Connection ADVERTISING - Classified Ads - Ad Rates WEB SERVICES - ISP Service - Sign Up - Options - Search The Web - Subscribe CIRCULATION - Subscribe - Vendors/Racks - Contact us COMMUNITY - Charities Fund - Newspapers In Education - Times Hawkers Keyword Search Advanced Previous Story Headlines Next Story Trading on insider information is tempting and illegal GEORGE CHAMBERLIN North County Times Imagine a situation in which you are given information inside information about a pending announcement from a company that could have dramatic impact on the value of the stock. Considering that there is very little chance that you would get caught, would you take advantage of this information and try to make a quick buck in the stock market? Before you decide, remember that insider trading is a crime in the United States. Believe it or not, this is the only country on the face of the earth that considers the activity to be illegal. According to the Securities and Exchange Commission, insider trading refers generally to the buying or selling of a stock "while in possession of material, nonpublic information." And the SEC takes this matter very seriously. In most cases, insider trading starts out innocently and usually involves friends and family. Back in 1995, an employee of IBM learned that the company was making plans to purchase Lotus Development Corp. She tipped her husband who told a couple of friends. Before you know it, a network was created to profit on the illegal information.

67. Index Aversion. insider trading Regulation or Taxation? crime and PunishmentAn Introductory Analysis in a Noncooperative Framework. insider http://web.iese.edu/jestrada/Research.html

Javier Estrada IESE Avda. Pearson, 21 08034 Barcelona. SPAIN TEL: (34-93) 253-4200 FAX: (34-93) 253-4343 EMAIL: jestrada@iese.edu Contents Research Cases and Technical Notes Course Materials Favorites (A Must See) Go to IESE Home Page

68. USATODAY.com - Why Does Government Seek To Ruin Ms. Perfect's Life? How could such an everyday act trigger a congressional investigation? That'swhere the insidious thoughtcrime nature of insider-trading laws comes in. http://www.usatoday.com/news/opinion/editorials/2002-09-29-opcom_x.htm

Home News Main Categories Top News Nation States Washington/Politics ... Offbeat More News Columnists Lotteries City Guides Government Guide ... Weather Site Web Click here to get the Daily Briefing in your inbox 09/29/2002 - Updated 10:52 PM ET Why does government seek to ruin Ms. Perfect's life? By Brian Doherty Embattled homemaking queen Martha Stewart is now contemplating the wisdom of that Washington proverb: The coverup can be worse than the crime. A House committee has asked the Justice Department to launch a criminal investigation into whether Stewart lied to it during its months-long inquisition into her sale of nearly 4,000 shares of ImClone stock. So intent is the government on getting Stewart that, according to recent news reports, it has cut a plea agreement with an assistant at Merrill Lynch, which handled Stewart's stock sale, in exchange for his testimony against her. Even if Stewart, whose Ms. Perfect persona rubs many the wrong way, never faces criminal prosecution, she has already lost plenty. Her company's value has plummeted, and there's talk she may be replaced as chief executive. Strangely, those obsessed with Stewart's alleged crime ignore the enormous damage to Martha Stewart Living Omnimedia stockholders caused by the government's pillorying of her. Stewart's sin? She sold some stock, apparently at the advice of her broker.

69. Insider Trading Harkens Back To Greed-Is-Good '80s But it's worth another viewing The crime is the same. The way people get caughthasn't changed. And insider trading seems to be making a nice comeback. http://www.thestreet.com/funds/deardagen/10029430.html

Quotes Search Site Analyst Actions Latest Stories TSC Tax Center Tech Stocks ... FREE Stock Market Outlook FREE Certified IQ Test Find a Loan NOW Personal Finance : Dear Dagen Insider Trading Harkens Back to Greed-Is-Good '80s By Dagen McDowell Senior Writer 06/28/2002 07:01 AM EDT In the Oliver Stone film Wall Street, broker Bud Fox digs up confidential information for his client Gordon Gekko, tailing one corporate executive on a motorcycle and repeatedly sneaking into a law firm in the middle of the night. The two use the inside skinny to make money in the market, then get busted by the end of the movie. That film might look a bit dated. It came out about 15 years ago. And Michael Douglas, who plays Gekko, sports a classic 1980s-era hairdo. But it's worth another viewing: The crime is the same. The way people get caught hasn't changed. And insider trading seems to be making a nice comeback. Just two weeks ago, Sam Waksal, the high-profile former CEO of ImClone IMCL :Nasdaq - news commentary research analysis) , got picked up by the FBI at his downtown Manhattan apartment and was charged with insider trading. And Waksal had some very well-known friends, including domestic diva Martha Stewart. Prosecutors, securities regulators and congressional investigators are all looking into ImClone stock trades made just before the Food and Drug Administration publicly announced its rejection of the company's application for the cancer drug Erbitux. Stewart, who denies wrongdoing, got sucked into the scandal because she sold almost 4,000 shares of ImClone on Dec. 27. After the FDA announced its decision on Dec. 28, ImClone stock dropped 20%.

70. Insider Trading Virus insider trading virus Widely visible virus infection affects stock market,(5, +8), This is a crime (or a made-for-TV plot) waiting to happen. http://www.halfbakery.com/idea/insider_20trading_20virus

h a l f b a k e r y Why did I think of that? idea: new search annotate link , view, overview recent by name best ... random meta: news help about links ... report a bug account: Browse anonymously, or get an account and write. User: Pass: Login Create an account. ATM Fraud scam Bastards Incorporated Charged Water chest freezing bodies ... scam insider trading virus Widely visible virus infection affects stock market [vote for against Probably in response to the widespread infection with the malicious "love bug" email virus, stocks of providers of antivirus software are up dramatically. This is a crime (or a made-for-TV plot) waiting to happen. A group of rich investors contracts with a shady hacker to write a virus that spreads itself through traditional, invisible means (phase I), and then, on signal from the investors, turns "visible" and starts behaving like an email virus (phase II). Antivirus stocks go up, the investors sell, the virus is turned off or just takes its course like an ordinary email virus. (In the made for TV version, some crucial piece of machinery has been broken by an unintended side effect of phase I and ends up endangering someone close to the hacker. Hacker wants to end the virus infection in phase I, that upsets the investors, who kidnap hacker's S.O. to ensure cooperation. S.O. manages to smuggle in and use a wireless email device, but the message gets lost in the mail storm of phase II...)

71. The CIA, Insider Trading And The WTC Terror Attack news stories, Deutsche Bank was also the hub of insider trading activity connectedto s promulgation of drugs, illegal weapons international crime in general http://free.freespeech.org/americanstateterrorism/9-11/CIA-WTC.html

HOME Chronology of Terror Bibliographies Valuable Websites ... SEARCH former Director of the CIA (...and the Jewish-dominated corporate/banking plutocracy owns everyone of any significance in the Central Intelligence Agency.) The CIA, Insider Trading and the World Trade Center Terror Attack Bibliography Related pages Related sites by Michael C. Ruppert From The Wilderness Publications http://www.copvcia.com/stories/oct_2001/krongard.html FTW, Krongard (re?) joined the CIA in 1998 as counsel to CIA Director George Tenet. He was promoted to CIA Executive Director by President Bush in March of this year. BT was acquired by Deutsche Bank in 1999. The combined firm is the single largest bank in Europe. And, as we shall see, Deutsche Bank played several key roles in events connected to the September 11 attacks. The Scope of Known Insider Trading Before looking further into these relationships it is necessary to look at the insider trading information that is being ignored by Reuters, The New York Times FTW have specifically highlighted the use of Promis software to monitor such trades. is the borrowing of stock, selling it at current market prices, but not being required to actually produce the stock for some time. If the stock falls precipitously after the short contract is entered, the seller can then fulfill the contract by buying the stock after the price has fallen and complete the contract at the pre-crash price. These contracts often have a window of as long as four months.

72. MSN Money - Insider Trading Glossary Definition: Investor You sell at a big profit. What you've done is a crime, so don't eventry. The other kind of insider trading is much more innocuous. http://moneycentral.msn.com/investor/glossary/glossary.asp?TermID=243

73. Crime Quiz crime Illegal stock trading based on confidential information not available to thepublic is called A. bull trading B. covert trading C. insider trading D http://www.greatauk.com/wqcrime.html

Knowledge Master Home 100,000 Questions Academic Competition Free Questions ... How to Order Try previous weekly quizzes on other topics Weekly Quiz Demonstrate a fearless pursuit of auk ademic auk cellence by plunging, head-first of course, into these questions. Return every week for a new quiz on another of the 14,000 topics in the Knowledge Master Library Crime (Click on the question number for the answer.) Misdemeanors Criminal Acts Given the two major categories of crimes, how would these infractions be classified? shooting ducks out of season disturbing the peace trespassing D A Breach of Trust Any unauthorized appropriation or conversion of property by one to whom it has been entrusted is ... A. usury B. libelous C. emolument D. embezzlement E. contributory negligence parole Convictions Probation and a pardon are two of the three alternatives to imprisonment for a convicted criminal. What is the third alternative to imprisonment? assassination Murders The murder of a public figure is called ... kickback Unethical Economics Mort Ulzer is the purchasing agent for an aircraft manufacturer. He receives a pile of cash from Boltco, Inc. every time he orders bolts from them. What slang word refers to this illegal payment?

74. Insider Trading this crime must be actually aware that the informations are false and that they canaffect the Market. The enactement of Sect. 5 as part of the insider trading http://www.jus.unitn.it/cardozo/Review/Business/Newsletter/insider.htm

The Court of Milan afforded on november 16,1994 a case of first impression on the rigging of the stock market by spreading of unsound rumours, covered by sect. 5 of the Insider Trading Act of may 17, 1991 , n. 157. Sect. 5 prosecutes, with the imprisonment up to six months and a fine from 1,000,000 up to 30,000,000 ITL, whoever spreads unsound, exaggerated or tendencious informations or simulates operations which may significantly influence the stock market. In the case a transactor gave by fax, to third parties and to the Italian Nat'l Commission for the Stock Exchange (CONSOB), false informations on the acquisition of the majority stock of a listed company. The Court held that a person to be gulty of this crime must be actually aware that the informations are false and that they can affect the Market. The enactement of Sect. 5 as part of the Insider Trading Act raised negative comments in the legal community because it is not intended to cope with "proper" insider trading . Sect. 5 prosecutes anyone who falsifies informations relevant to the stock market, and not the insider using prvileged but true informations to gamble on the stock market for personal profit.

75. Insider Trading insidertrading is not only a victimless crime, it is unique in the annals of thecriminal code in that the alleged victim is the beneficiary of the alleged http://www.lewrockwell.com/orig2/kondaks3.html

Insider Trading by Tony Kondaks When a transaction from an insider-supplied tip on a publicly-traded stock exchange occurs, the laws of supply and demand ensure that the buyer or seller on the other side of that transaction benefits. Insider-trading tips are, by definition, exclusive and not commonly or publicly-held information. Those on the other side of the transaction are not privy to this information; indeed, if they were, logic dictates that they would be performing the opposite transaction. A stock-exchange is the coming together of a large number of buyers and sellers who transact their business anonymously. I have no clue who buys the shares I sell nor who sells the shares I buy. But the buying and selling that takes place on the floor of the stock exchange is subject to the laws of supply and demand. Suppose I have insider information that company A is not going to receive FDA approval on a drug it has been working on for years. Selling my stock before this information becomes public knowledge would be prudent because, once known, it is logical to assume the stock price will fall.

76. Otto G. Obermaier Redefining Insider Trading; SEC Oversteps Goodwin. How is it then that the Securities and Exchange Commissionhas just redefined the crime of insider trading? For that http://www.weil.com/wgm/cbyline.nsf/cbec12f55b5592e68525678a007d0594/f1f89db9420

77. Catch Me If You Can - Smh.com.au Booth . Hannes was charged with insider trading, a crime he was foundguilty of for the second time in a retrial last September. http://www.smh.com.au/articles/2003/03/10/1047144910214.html

Home Technology IT News national ... place an ad extra personal finance travel education subscribe home delivery eNewsletter archives today's edition: am past 10 days site guide Catch me if you can By James Hall March 11 2003 Next Australia's biggest case of insider trading could not have been solved without forensic technology. In 1996 an overseas investor calling himself Mark Booth made $2 million overnight on call options in communications company TNT, bought through Macquarie Bank. The Australian Securities and Investments Commission knew Booth must have had inside information, but who was he? ASIC used NetMap, a diagnostic software tool that analysed and cross-referenced all the relationships involved in the case - between people, addresses, trading transactions and contact information. "We were able to identify activities that we believed could have existed to support the transactions in question, as opposed to focusing on the transactions around the insider trading itself," explains Anthony Viel, the ASIC investigator at the time, who today is account director with professional- services firm Deloitte Touche Tohmatsu's forensic division. These activities, known as markers, pointed to one man, a Macquarie executive named Simon Hannes.

78. Insider Trading In Canada crime and punishment Only one person has ever been handed jail time forinsider trading. This rather dubious distinction goes to Larry Woods. http://www.runuts.com/962730656/index_html

Home Post an Article Freemail Search Articles ... Links Insider Trading in Canada Posted by Hijinx on Tuesday July 04, @11:10AM My old buddy Juggler sent me this story from the Globe and Mail (I couldn't track down the original, so here it is in its entirety). For those of you who haven't been following it lately, there's been a big shakedown in the financial services industry in Canada after Royal Trust was accused of stock manipulation. Now everyone is running around because the sky is falling. Check out the story below: The Globe and Mail, Monday, October 18, 1999 Is it insight, or is it illegal? More than half of this country's biggest deals were preceded by a substantial runup in stock prices before the public ever heard a word. It's clear someone was talking. So how many charges have regulators laid? None. By Susanne Craig Toronto FIRST IN A SERIES Today: A Globe and Mail investigation into all the big corporate deals announced over a one-year period reveals some disturbing stock trading patterns. As the 28 charts of the deals make clear, insiders were often trading stock and making money before the public knew there was a deal. Tomorrow: Why the system has failed to stop illegal insider trading. Senior executives of TeleBackup Systems Ltd. took an unusual step last year when they started talks to sell their Calgary company to a U.S. software giant.

79. Leave Sam And Martha Alone scandals involves alleged insider trading by people close apocalyptic warnings about insider trading, which isnt even socially constructive function in insider trading? Yes. http://www.fff.org/comment/com0208g.asp

Send to a friend Leave Sam and Martha Alone by Sheldon Richman August 12, 2002 Some people get satisfaction from seeing a businessman taken handcuffed into custody by FBI agents. Waksal, a 54-year-old immunologist-turned-entrepreneur, fills the bill perfectly. As far as can be determined, no FDA staffer has been arrested. Why should anyone from the FDA be pinched? Because the agency creates the conditions under which such events can occur. But this raises some interesting questions. Anyone who was thinking about buying ImClone stock in December would have known that the Erbitux application was pending with the FDA. Why buy before the official announcement? It is no use pointing out that the company was praising the drug. What company derogates its products? And even if Waksal hinted that the FDA was likely to approve the drug, why did anyone risk big money on a dubious assurance from an interested source? The people buying ImClone stock in late December knowingly made a highly risky investment. We must assume they knew what they were doing. Sheldon Richman is senior fellow at The Future of Freedom Foundation in Fairfax, Va., and editor of

80. ELibrary.com - Vol 354 The Economist 01-22-2000, 'Insider Trading eLibrary is the subscription based online library for fun or research. Find out more about securing your guaranteed Free 7day trial with your credit card and retrieve 'eLibrary.com - Vol 354 The Economist 01-22-2000, 'insider trading The cost of http://redirect-west.inktomi.com/click?u=http://ask.elibrary.com/getdoc.asp%3Fpu

A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z

Page 4     61-80 of 98    Back | 1  | 2  | 3  | 4  | 5  | Next 20