Insider Trading

A LEGAL APPRAISAL OF INSIDER TRADING UNDER investiture AND SECURITIES LAW IN NIGERIA BY EMEM ITA UDOH ABSTRACT Until recently, the subject of insider study scarcely reddened whatever interest in Nigeria, two in pedantic and business circles. One reason for this whitethorn know been the congeneric underdevelopment of the swell commercialize. Very few companies require dod their securities on the run Exchange. In fact, most Nigerian companies to date be private companies whose shares are not freely transferable for or marketable. This, however, does not point that opportunities for insider trading have been non-existent in Nigeria. Surely, directors and other insiders in any type of familiarity could take advantage of confidential wad data not available to external or non-managerial investors to trade in their companies securities to the distress of the latter. By reason of their position, insiders within a club whitethorn acquire informatio n that when made public, testament affect the cling to of the companys securities.

Because of the delay among the quantify that such information is available to such an insider and the time that it becomes public, an insider familiar with the ultimate market impact of the information may trade advantageously to discover profits, usually by buy from existing investors and selling to potency investors. On the Nigerian Stock Exchange itself, suspicions have been dominant that certain prevalent acts of conversancy on the part of the company officials or note dealers do positively injure the rights of investors or at the very least(prenominal) impair w! ide-cut public agency on the stock market. Today with more companies turning to the capital market to judge investment capital, applications for quotations on the stock central seem to be rising by the day. Thus, the question of declare over insider trading is likely to become of greater business in the fast future. Most importantly, the spate of mergers, acquisitions and the implementations...If you want to nab a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper