Help Your Clients Maintain High Ethical & Corporate Standards
Insider trading is sometimes perceived as a “victimless crime”, though it never is: this illegal practice compromises the integrity of our capital markets, and our securities law generally, and enriches the greedy few at the expense of others. Up to now, there has been no Canadian law book focused exclusively on the subject of insider trading.
Written in a direct, concise style, this book helps readers comply with insider trading laws. Equally important, the book broadens the reader’s understanding of how insider trading is regulated, when it’s considered legal, when it’s deemed illegal. This handy soft-covered guidebook is a must-have for anyone who works in the securities industry, from lawyers to finance professionals to corporate executives.
Book Features
• Provides a conceptual framework for understanding how insider trading laws work, how they’re enforced, and how to comply with that area of law.
• Refers to relevant securities legislation, and provides guidance on what constitutes illegal insider trading.
• Addresses the prosecution process, defense, punishment, and civil liability for insider trading.
• Includes a section on mitigating the risk of insider trading.
• Discusses the new crime of illegal insider trading and tipping under Criminal Code amendment Bill C-13, and the first prosecution under the new law, that of Stanko Grmovsek.
Benefits for the Reader
• The book’s informative, yet easily readable style, enables lawyers and non-lawyers alike to follow the book’s discussion and analysis of insider trading laws, rules and regulations.
• Each chapter contains a case study, enabling readers to understand how insider trading laws apply to real-life fact scenarios. References are made to highly publicized human interest stories.
• The book is well-organized and indexed, enabling readers to immediately target and find the exact information they are looking for.
Who Should Read the Book?
• Private practitioners can advise their clients on the laws, rules and regulations relating to insider trading.
• In-house counsel can help can their employer and corporate executives comply with insider trading laws, especially those executives who are encouraged to buy company stock and hence become “insiders.”
• Securities regulators have a handy reference guide that refers to specific statutes, rules and regulations on insider trading.
• Corporate executives who buy shares in their own companies will want a clear understanding of when it’s legal, or illegal, to trade in their company stock.
Worldwide