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Regulacje i polityka gospodarcza · 12/28/1999

Selective Disclosure and Insider Trading

The Securities and Exchange Commission is proposing new rules to address three issues: the selective disclosure by issuers of material nonpublic information; whether insider trading liability depends on a trader's ``use'' or ``knowing possession'' of material nonpublic information; and when the breach of a family or other non- business relationship may give rise to liability under the misappropriation theory of insider trading. The proposals are designed to promote the full and fair disclosure of information by issuers, and to clarify and enhance existing prohibitions against insider trading.

Original source language: Federal Register — All DocumentsOpen original release →