Prior to 1934, only common law fraud dealt with insider trading. However, in 1934, the federal Securities and Exchange Commission unveiled a comprehensive scheme to combat the issue. This was followed up with the SEC Act of 1943. This Act’s section 10(b) has created the most comprehensive scheme used to deal with insider trading. Today, […]
10b-5: What Is Insider Trading? Read More »
Sometimes corporations go astray. Directors and officers may sometimes engage in actions that are not in the best interests of the corporation, or may even be considered illegal. Many times, the directors and officers responsible for these actions will not be willing to accept the fact they are guilty of wrongdoing. Therefore, it is up
Shareholder Derivative Suits: How Permissible and How to Go About Them Read More »
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