Securities Resources

Discusses the evolution of the law of insider trading and ways in which corporations can use compliance programs to deter wrongdoing, with particular attention to multi-service financial institutions. It demonstrates how such firms can implement "Chinese Walls" and other procedural devices to prevent employees who acquire material nonpublic information from sharing it with employees who trade securities. The impact of the Sarbanes-Oxley Act and SEC regulations regarding selective disclosure and insider trading are analyzed. Additional topics include 10b5-1 trading plans and hedge funds.

A single volume work for securities practitioners, in-house counsel, and any attorney looking for clear and comprehensive information on insider trading liability. Features include insider trading liability, compliance strategies, sample policies and procedures, and effective defenses against government and private actions.

Determine which activities constitute insider trading and what the consequences are. Topics include: the source of the prohibition against insider trading, evolution of the law, the abstain or disclose obligation of corporate insiders, tipper and tippee liability, material nonpublic information, the misappropriation theory, trading on information regarding a tender offer, and the gray areas of insider trading liability.