Some Considerations on Judgments about the Insider Trading in the Stock Exchange

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Abstract

Insider trading is the trading of a corporation's stock by individuals with potential access to non- public information about the company. In most countries, trading by corporate insiders such as officers, key employees, directors, and large shareholders may be legal, if this trading is done in a way that does not take advantage of non-public information. However, the term is frequently used to refer to a practice in which an insider or a related party trades based on material non-public information obtained during the performance of the insider's duties at the corporation, or otherwise in breach of a fiduciary or other relationship of trust and confidence or where the non-public information was misappropriated from the company. In this article we will analysis the decisions taken after ratification of the 1384 law of the stock exchange in Iran and recognition of the illegal insider trading by some criminal and contractual liabilities.

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Journal of Legal Research
Volume 9, Issue 17
February 2010
Pages 285-302

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