The Mechanics and Regulation of Market Abuse

The Mechanics and Regulation of Market Abuse
Author: Emilios Avgouleas
Publisher: Oxford University Press on Demand
Total Pages: 517
Release: 2005
Genre: Business & Economics
ISBN: 9780199244522

Economic theory indicates that financial markets play a prominent role to the efficient allocation of resources in the modern world. Financial markets can fulfil this role if they enjoy the confidence of investors and are free of abuse. The financial frauds associated with the collapse of Enron and the major crises in world leading corporations such as WorldCom, Adelphia, Tyco, and the 'Wall Street financial scandals' have shown that fraud, manipulation, and insider dealing retain a catastrophic presence in modern financial markets. Proper deterrence of market abuse is necessary not only for the effective operation of modern financial markets, but also for regaining investor confidence. This book analyses the mechanics and regulation of two of the most harmful market practices in the modern financial world: insider dealing and market manipulation, which together comprise the offence of market abuse. Avgouleas examines the UK and EC regimes from an interdisciplinary perspective, also making extensive and critical use of US case law. He emphasizes the economic analysis of anti-fraud manipulation regulations and their effects upon market welfare and explores the possible deterrent benefits of civil law remedies.

The Mechanics and Regulation of Market Abuse

The Mechanics and Regulation of Market Abuse
Author: Emilios Avgouleas
Publisher:
Total Pages: 517
Release: 2005
Genre: Insider trading in securities
ISBN:

This volume offers an interdisciplinary analysis of market manipulation and insider dealing, together comprising the offence of market abuse. It examines the mechanics of market abuse and the means for its perpetration in modern financial markets.

Market Abuse Regulation in South Africa, the United States of America and the United Kingdom

Market Abuse Regulation in South Africa, the United States of America and the United Kingdom
Author: Howard Chitimira
Publisher: Vernon Press
Total Pages: 253
Release: 2018-04-01
Genre: Law
ISBN: 162273260X

This book provides a concise comparison of the regulation and enforcement of the anti-market abuse laws (insider trading and market manipulation) in South Africa, the United States of America (USA) and United Kingdom (UK). Bringing together a number of previously published articles, the book provides a novel discussion of the challenges associated with the enforcement of market abuse laws in both developing countries such as South Africa and developed ones such as the USA and the UK. This is primarily done to examine and expose the current strengths and weaknesses of market abuse laws in relation to certain aspects of the corporate, securities and financial markets environments in South Africa, the USA and the UK. Accordingly, chapters two to five of the book unpack the regulation and enforcement of market abuse laws in South Africa and the USA in a comparative perspective. Thereafter, chapters six to eight of the book discuss the regulation and enforcement of market abuse laws (Financial Markets Act 19 of 2012) and other related statutes in South Africa and the UK. The book proposes some measures that could be utilised to enhance the enforcement of anti-market laws in South Africa, USA and the UK. New market abuse-related challenges that occurred during the global financial crisis are also briefly discussed. The book further provides a relatively adequate overview of the comparative analysis of the regulation of market abuse in South Africa versus two key developed and respected jurisdictions, namely, the USA and the UK. Accordingly, it is hoped that the book can aid regulatory authorities, financial market participants, academics, students and other interested readers to understand market abuse offences and possible measures that could be employed to combat such offences.

Market Abuse Regulation

Market Abuse Regulation
Author: Edward J. Swan
Publisher: Oxford University Press, USA
Total Pages: 0
Release: 2006
Genre: Financial services industry
ISBN: 9781904501305

Grace Kelly and Ray Milland star in Alfred Hitchcock's classic thriller adapted from the play by Frederick Knott. Former tennis pro Tony Wendice (Milland) hatches a cunning plot to get rid of his socialite wife, Margot (Kelly), when he discovers that she has been having an affair with author Mark Halliday (Robert Cummings). Wendice blackmails a corrupt former schoolmate into murdering her, but the man bungles the job, and Margot, having killed her would-be assailant in self-defence, then finds herself under suspicion of premeditated murder...

Market Abuse Regulation

Market Abuse Regulation
Author: Marco Ventoruzzo
Publisher: Oxford University Press, USA
Total Pages: 736
Release: 2022-03
Genre:
ISBN: 9780198871095

This revised edition analyses the European market abuse regime contained in the Market Abuse Regulation and related directives and regulations, and has been updated and expanded to reflect the impact of new developments in legislation and case law following the implementation of the Regulation.

What is Market Manipulation?

What is Market Manipulation?
Author: Andri Fannar Bergþórsson
Publisher: BRILL
Total Pages: 326
Release: 2018-08-13
Genre: Business & Economics
ISBN: 9004366652

The Market Abuse Regulation (MAR) entered into force in 2016 within the European Union, which introduced a fully harmonized ban on market manipulation. Even though the regulation is quite detailed, the terms used to define market manipulation are relatively vague and open-ended. In What Is market manipulation? Dr. Andri Fannar Bergþórsson offers unique insight to and an interpretation of the concept of market manipulation, which includes an analysis of case law from the Nordic countries. The aim of the book is to clarify the concept as described in MAR and to provide readers some guidelines to distinguish between lawful behaviour and market manipulation (the unlawful behaviour). Bergþórsson convincingly argues that misinformation is an essential element of all forms of market manipulation.

A Practitioner's Guide to the Law and Regulation of Market Abuse

A Practitioner's Guide to the Law and Regulation of Market Abuse
Author: Karen Anderson
Publisher:
Total Pages: 533
Release: 2017
Genre: Capital market
ISBN: 9780414055988

A Practitioner's Guide to the Law and Regulation of Market Abuse covers all aspects of the law and regulation relating to market abuse in the UK. The focus of the book is to explain how the market abuse regime operates in practice. This second edition is fully revised and updated to cover the new EU Market Abuse Regulation (MAR) and Directive on Criminal Sanctions for Market Abuse

Market Abuse Enforcement: Practice and Procedure

Market Abuse Enforcement: Practice and Procedure
Author: Stuart Bazley
Publisher: Bloomsbury Publishing
Total Pages: 387
Release: 2013-02-28
Genre: Business & Economics
ISBN: 1847665411

This new title is concerned with the interplay between the Financial Services Authority's ('FSA') statutory powers to impose administrative law sanctions on persons that have engaged in abuse in the financial markets and the statutory system of Tribunal accountability provided by the Financial Services and Markets Act 2000 ('the Act'). It provides a thorough analysis and assessment of both the law of market abuse and the operation of the Financial Services and Markets Tribunal ('FSMT') and the Upper Tribunal (Tax and Chancery) ('UT') following the implementation of the Tribunal, Courts and Enforcement Act 2007 in April 2010 when as part of an improved and unified system of statutory Tribunals the functions of the FSMT were transferred to the UT. This book captures the resulting changes to the Tribunal's governance and rules of procedure. It sets out to question whether the Tribunal has effectively held the FSA's enforcement decision making to account and whether its individual case decision making has provided a wider contribution to the law on market abuse. Includes: An historical analysis of the law concerning market manipulation and insider dealing regulation; Explores the relationship between the statutory definitions of behaviour constituting market abuse and the source of the FSA's enforcement powers together with those policy issues that shape how such powers are deployed; A general analysis of concepts of accountability allowing an appreciation of the framework of accountability within the Act as well as the benefits and deficiencies of accountability provided by the Courts when compared to those provided by a specialist Tribunal.

Artificial Intelligence and Market Abuse Legislation

Artificial Intelligence and Market Abuse Legislation
Author: Filippo Annunziata
Publisher: Edward Elgar Publishing
Total Pages: 221
Release: 2023-11-03
Genre: Law
ISBN: 1035310724

Artificial Intelligence and Market Abuse Legislation presents a wide-reaching interdisciplinary examination of the impact of AI on the EU Market Abuse Regulation (MAR).