LEADER 05537oam 2200709I 450 001 9910808299503321 005 20240516211404.0 010 $a1-136-29538-0 010 $a1-280-77686-2 010 $a9786613687258 010 $a0-203-11549-X 010 $a1-136-29539-9 024 7 $a10.4324/9780203115497 035 $a(CKB)2670000000205697 035 $a(EBL)981879 035 $a(OCoLC)804662408 035 $a(SSID)ssj0000690325 035 $a(PQKBManifestationID)11409732 035 $a(PQKBTitleCode)TC0000690325 035 $a(PQKBWorkID)10623229 035 $a(PQKB)10751843 035 $a(MiAaPQ)EBC981879 035 $a(Au-PeEL)EBL981879 035 $a(CaPaEBR)ebr10572180 035 $a(CaONFJC)MIL368725 035 $a(OCoLC)796804002 035 $a(OCoLC)1199301456 035 $a(FINmELB)ELB135570 035 $a(EXLCZ)992670000000205697 100 $a20180706d2012 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aInsider trading in developing jurisdictions $eachieving an effective regulatory regime /$fWunmi Bewaji 205 $a1st ed. 210 1$aLondon ;$aNew York, N.Y. :$cRoutledge,$d2012. 215 $a1 online resource (337 p.) 300 $aDescription based upon print version of record. 311 $a1-138-01684-5 311 $a0-415-52135-1 320 $aIncludes bibliographical references and index. 327 $aInsider Trading in Developing Jurisdictions Achieving an effective regulatory regime; Copyright; Contents; Preface; Table of cases; Table of statutes; Table of statutory instruments; European Economic Community Directives; Rules and directives of regulators; 1 Introduction; 1.1 Aims; 1.2 Methodology; 1.3 Outline of the book; 2 Insider dealing: The crime of information; 2.1 Introduction; 2.2 Historical background; 2.3 Theoretical basis of insider's liability; 2.3.1 Legal theories; 2.3.2 Efficiency theories: the hobble, bubble and tumble; 2.4 The regulation debate 327 $a2.4.1 Arguments against regulation2.4.2 Arguments in favour of regulation; 2.5 Conclusion; 3 Fighting a common enemy: Anglo-American and Japanese attitudes on insider dealing; 3.1 Introduction; 3.2 Comparative analysis of regulatory regimes; 3.2.1 Regulatory mode; 3.2.2 Prohibited information; 3.2.3 The insider; 3.2.4 Prohibited conduct; 3.2.5 Affected securities; 3.2.6 Intention; 3.2.7 Regulatory authorities; 3.2.8 Remedies; 3.3 Has it worked?; 3.4 Conclusion; 4 Flags of confusion: The limitations and frustrations of imitation; 4.1 Introduction; 4.2 Background; 4.3 The prohibition 327 $a4.3.1 Who is an insider?4.3.2 What is inside information?; 4.3.3 What an insider is prohibited from doing; 4.3.4 What are the affected securities?; 4.3.5 Knowledge; 4.3.6 The exemptions; 4.3.7 Penalties; 4.4 Enforcement; 4.5 Conclusion; 5 A critical expedition into the Kingdom of Nigeria's insider dealers; 5.1 Introduction and background; 5.1.1 Reason for the study; 5.1.2 Methodology; 5.1.3 Ethics; 5.1.4 The subjects; 5.1.5 Anonymization; 5.1.6 Empirical evidence; 5.2 Introduction to insider dealing in Nigeria; 5.2.1 Understanding by relevant parties; 5.2.2 Patterns of misunderstanding 327 $a5.2.3 Reasons for lack of understanding5.2.4 Effects of lack of understanding; 5.3 Profile of the Nigerian insider dealer; 5.3.1 Does it exist?; 5.3.2 The Nigerian insiders; 5.4 The antics and tactics of the Nigerian insider dealer; 5.4.1 Types of insider dealing in Nigeria; 5.4.2 Effects of insiders' activities; 5.5 Conclusion; 6 Fixing the leaking roof of Nigeria's insider dealing regulation; 6.1 Introduction; 6.2 Insiders' pre-emption; 6.2.1 Restrictions on insiders' holding; 6.2.2 Short-swing and freeze rule; 6.3 Private right of action; 6.3.1 Action by the company 327 $a6.3.2 Corporate derivative action6.3.3 Personal action; 6.3.4 Representative action; 6.4 Civil remedies; 6.4.1 Fiduciary duties; 6.4.2 Breach of confi dence; 6.4.3 Misrepresentation; 6.4.4 Breach of statutory duty; 6.5 Other factors; 6.5.1 Administrative procedure; 6.5.2 Disclosure; 6.5.3 Investigations; 6.5.4 Investment frauds insurance; 6.6 Conclusion; 7 Conclusion; 7.1 The future of regulation; Bibliography; Appendix: Pertinent Sections of the Investments and Securities Act 2007 (ISA); Index 330 $aThe book examines the regulation of insider dealing in the developed jurisdictions, using three of the G7 countries as guides with the aim of knowing how they have regulated insider trading and what lessons can be learnt from their failures and achievements. It looks at regulatory regimes in the US, the UK and Japan in order to consider whether these regimes can be successfully transplanted to developing countries.In order to explore insider dealing in the developing world the book focuses on Nigeria, Africa's most populous nation and second largest economy. This book examines in the 606 $aInsider trading in securities$xLaw and legislation$zDeveloping countries 606 $aInsider trading in securities$xLaw and legislation$zNigeria 615 0$aInsider trading in securities$xLaw and legislation 615 0$aInsider trading in securities$xLaw and legislation 676 $a345/.0268 700 $aBewaji$b Wunmi.$01609100 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910808299503321 996 $aInsider trading in developing jurisdictions$93936175 997 $aUNINA