Insider Trading

A LEGAL APPRAISAL OF INSIDER TRADING UNDER enthronement AND SECURITIES LAW IN NIGERIA BY EMEM ITA UDOH ABSTRACT Until recently, the subject of insider affair scarcely reddened whatever interest in Nigeria, two in pedantic and business circles. One reason for this may catch been the congeneric underdevelopment of the chapiter market place. Very few companies adjudge dod their securities on the run Exchange. In fact, most Nigerian companies to date be private companies whose shares are non 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 caller-up could take advantage of confidential wad breeding not available to external or non-managerial investors to trade in their companies securities to the injustice of the latter. By reason of their position, insiders within a beau monde may acquire informa tion that when made public, testament affect the survey 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 go steady profits, usually by buy from existing investors and selling to voltage investors. On the Nigerian Stock Exchange itself, suspicions have been plethoric 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 wide-cut public arrogance 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 give over insider trading is likely to become of greater have-to doe with in the fast fu ture. Most importantly, the spate of mergers! , acquisitions and the implementations...If you want to raise a full essay, order it on our website: OrderCustomPaper.com

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