The New Insider Trading

Woody, Karen E.

doi:10.2139/ssrn.3474570

Cited by 2 publications

(2 citation statements)

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“…Based on the Stock and Exchange Commission (SEC) 's Rule 10b-5, to ensure insider trading transactions occur based on the tipper-tippee theory, the government needs to prove that the information provider benefits from the information provided that the information recipient knows the benefits obtained (Woody, 2019).…”

Section: Introductionmentioning

confidence: 99%

Insider Trading: Law of the Republic of Indonesia Number 8 of 1995 on Capital Market from Typewriters to Digital Era

Johan

Ariawan

Yuan

2022

JHN

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Introduction toThe Problem: Symmetric information is an essential factor in the capital market. Symmetric information will create an efficient capital market. Insider trading is one of the things that makes asymmetric information. The regulations on the capital market determine the criteria for insider trading. Insider trading is people who have non-public information on the company and earn financial benefits from non-public information. Purpose/Objective Study: This research aims to determine the insider trading criteria on the Indonesian Capital Market Law Number 8 of 1995. Design/Methodology/Approach: This research uses the normative juridical method. The study utilizes several cases that occur in countries as a discussion. Findings: This research concludes that the definition of insider trading consists of stakeholders who have interests and non-public information on public companies. The scope of insider trading is also extended to family members of stakeholders. Stakeholders include management, related companies' employees, officials, suppliers, shareholders, and their family members. The definition of family members is the spouse, children, and parents. The definition of insider trading should be extended to the current regulations. The related individuals must carry out the obligation to report share ownership.

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Section: Introductionmentioning

confidence: 99%

Insider Trading: Law of the Republic of Indonesia Number 8 of 1995 on Capital Market from Typewriters to Digital Era

Johan

Ariawan

Yuan

2022

JHN

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“…Based on the Stock and Exchange Commission (SEC)'s of United State, Rule 10b-5, insider trading can be conveyed based on the tipper-tippee theory. The authority needs to show that the information provider (tippee) profits from the information delivered, and the tipper knows the profit of the information gained [10]. The implementation of corporate governance is still fragile in public companies in emerging countries, as shown by the behavior of taking gains by exploiting weaknesses in laws and weaknesses in fines in capital market laws [11].…”

Section: Introductionmentioning

confidence: 99%

Information-Conneted Approach in Identifying Capital Market Crime at Information Technology Era

Johan¹,

Ariawan²

2021

Advances in Social Science, Education and Humanities Research

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Digital development has inferences for financial transactions, especially in capital market. Digital development creates stock transactions exceed cross-national. Digital development has few side positive and negative effects. One of the effects is insider information. Insider information is considered as cime in capital market. Investors use insider information to make profits. This paper uses the normative judicial method and a comparative law method. This paper studies capital market law regarding insider trading in Japan, Switzerland, Indonesia and Singapore. This research aims to define the definition of insider trading in digital era. The definition of insider trading is benchmarked on the regulations and laws of the four countries. This study summarizes that insider trading should be based on information connected following development in technology development. The law needs to be amended regarding insider trading based on informationconnected approach.

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The New Insider Trading

Cited by 2 publications

References 10 publications

Insider Trading: Law of the Republic of Indonesia Number 8 of 1995 on Capital Market from Typewriters to Digital Era

Insider Trading: Law of the Republic of Indonesia Number 8 of 1995 on Capital Market from Typewriters to Digital Era

Information-Conneted Approach in Identifying Capital Market Crime at Information Technology Era

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