Insider Dealing and Criminal Law

1. Front Matter

   Pages i-xviii

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2. Insider Dealing Prohibition: Basic Construction, Economic and Ethical Perspectives

   • Iwona Seredyńska

   Pages 1-77

3. Practical Issues Arising from the Transposition of the Market Abuse Directive into the Chosen Member States’ Legal Systems

   • Iwona Seredyńska

   Pages 79-141

4. Principles-Based Application of the Criminal Law

   • Iwona Seredyńska

   Pages 143-225

5. Alternative Models of Regulation of Insider Dealing

   • Iwona Seredyńska

   Pages 227-249

6. Back Matter

   Pages 251-276

   PDF

This work is a multidisciplinary analysis of the issue of insider dealing from the perspective of the applicability of criminal law to regulate it. First, it examines the nature of its prohibition in the European Union and in the United States of America. The text includes a more extensive overview of prohibition in four Member States of the European Union (France, the United Kingdom, Luxembourg and Poland). Then, it summarises the arguments presented by ethicists and economists in favour of and against insider dealing. Further, it analyses the foundations of criminal law and justifications that are given for its application. On the basis of this analysis, it presents a new two-step theory of criminalisation. The first step is based on a liberal theory of wrongfulness that makes reference to protection of the basic human rights. The second step relies on classical but often forgotten principles of criminal law. Finally, it examines possible alternatives to criminal rules.

• alternatives for criminal law
• criminal law
• insider dealing/insider trading
• theory of criminalisation

“A book that contains a fascinating history of the development of the prohibition of insider dealing in the USA and Europe … . this book will inspire further research into the subject by market participants, economists and academics … .” (Katie Wheatley, Journal of International Banking Law and Regulation, Vol. 30 (6), 2015)

• Luxembourg, Luxembourg

  Iwona Seredyńska

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