Stock Market Efficiency, Insider Dealing and Market Abuse

Stock Market Efficiency, Insider Dealing and Market Abuse
Author: Mr Paul Barnes
Publisher: Gower Publishing, Ltd.
Total Pages: 228
Release: 2012-09-28
Genre: Law
ISBN: 1409458709

The recent turbulence in the stock market has brought into question the way, and prices at which, shares are traded, and how the market effectively values companies. It has also raised public concern as to the way by which dealers and investors take advantage of changes in market prices. A number of high profile criminal prosecutions of insider dealing and market abuse and the frequent claims of other instances, combined with the changes in regulations resulting in a more aggressive and proactive stance by the various regulators, have brought the issue under the spotlight. This book discusses what makes stock market efficiency so important for the economy, looks at the theory and issues that underpin market abuse and why an offence often dismissed as a victimless crime is punished so severely. It explores the impact of perception and other factors that distort the market and outlines the extent of abuse. Regulators, lawyers, company officials, investigators, professional advisers and of course investors, both professional and otherwise will find this a helpful guide to the underlying elements of fraud and market manipulation.

Stock Market Efficiency, Insider Dealing and Market Abuse

Stock Market Efficiency, Insider Dealing and Market Abuse
Author: Paul Barnes
Publisher: CRC Press
Total Pages: 222
Release: 2016-04-01
Genre: Law
ISBN: 1317049934

The recent turbulence in the stock market has brought into question the way, and prices at which, shares are traded, and how the market effectively values companies. It has also raised public concern as to the way by which dealers and investors take advantage of changes in market prices. A number of high profile criminal prosecutions of insider dealing and market abuse and the frequent claims of other instances, combined with the changes in regulations resulting in a more aggressive and proactive stance by the various regulators, have brought the issue under the spotlight. This book discusses what makes stock market efficiency so important for the economy, looks at the theory and issues that underpin market abuse and why an offence often dismissed as a victimless crime is punished so severely. It explores the impact of perception and other factors that distort the market and outlines the extent of abuse. Regulators, lawyers, company officials, investigators, professional advisers and of course investors, both professional and otherwise will find this a helpful guide to the underlying elements of fraud and market manipulation.

Stock Market Efficiency, Insider Dealing and Market Abuse

Stock Market Efficiency, Insider Dealing and Market Abuse
Author: Paul Barnes
Publisher: CRC Press
Total Pages: 219
Release: 2016-04-01
Genre: Law
ISBN: 1317049926

The recent turbulence in the stock market has brought into question the way, and prices at which, shares are traded, and how the market effectively values companies. It has also raised public concern as to the way by which dealers and investors take advantage of changes in market prices. A number of high profile criminal prosecutions of insider dealing and market abuse and the frequent claims of other instances, combined with the changes in regulations resulting in a more aggressive and proactive stance by the various regulators, have brought the issue under the spotlight. This book discusses what makes stock market efficiency so important for the economy, looks at the theory and issues that underpin market abuse and why an offence often dismissed as a victimless crime is punished so severely. It explores the impact of perception and other factors that distort the market and outlines the extent of abuse. Regulators, lawyers, company officials, investigators, professional advisers and of course investors, both professional and otherwise will find this a helpful guide to the underlying elements of fraud and market manipulation.

Insider Trading and Market Manipulation

Insider Trading and Market Manipulation
Author: Janet Austin
Publisher: Edward Elgar Publishing
Total Pages: 286
Release: 2017-12-29
Genre: Insider trading in securities
ISBN: 1786436426

This book explores how the globalization of securities markets has affected market manipulation and insider trading. It delves into the responses of securities regulators, discussing new regulations designed to deter such misconduct, as well as they ways in which detection, investigation and prosecution techniques are adapting to tackle insider trading and market manipulation that crosses international boundaries.

Europe's Hidden Capital Markets

Europe's Hidden Capital Markets
Author: Jean-Pierre Casey
Publisher: CEPS
Total Pages: 142
Release: 2005
Genre: Business & Economics
ISBN: 9290795964

Assessing regulatory measures taken at the EU level that impact European bond markets, this book examines the desirability, utility, and feasibility of certain policy measures.

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.

Developing an Effective Model for Detecting Trade-Based Market Manipulation

Developing an Effective Model for Detecting Trade-Based Market Manipulation
Author: Jose Joy Thoppan
Publisher: Emerald Group Publishing
Total Pages: 86
Release: 2021-05-05
Genre: Business & Economics
ISBN: 1801173982

Developing an Effective Model for Detecting Trade-Based Market Manipulation determines an appropriate model to help identify stocks witnessing activities that are indicative of potential manipulation through three separate but related studies.

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.