| Penalties of Insider trading | THE INSIDER TRADING GOVERNOR - OSC | Insider Trading - Ethics and Avoiding it |
|---|---|---|
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20 years
Approximately how long can you be jailed for if accused of insider trading?
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Ontario Securities Commission
What does the OSC stand for?
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No. It gives and unfair advantage to other investors
Is insider trading ethical?
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Yes
Will penalties become more severe over time?
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Started in 1928 when the government of Ontario introduced the “Security Frauds Prevention Act”
When was the OSC introduced and what was it called before?
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Corporations have the right to have information about their company to be discreet and secretive.
Why is insider trading not ethical?
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$25 million dollars
What is the fine for corporations convicted of insider trading?
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In 1933
When was the OSC renamed?
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Individuals want to abuse the information they receive about corporations to make cash quick
Why are some individuals tempted to attempt insider trading?
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$5 million dollars
What is the fine for individuals convicted of insider trading?
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Responsible for protecting investors from unfair actions such as insider trading
Maintain efficient markets for investors Allow Ontario’s economy to grow and to be healthy by guarding it from investors with an unethical cause to make profits. Regulate fir
What are the responsibilities regarding the OSC?
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Who does insider trading hurt?
Insider trading will hurt the corporation and the shareholders of the corporation.
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Mail, Wire or securities fraud
Rackerterring, Tax Evasion, obstruction of justice
What are common charges laid upon victims of insider training?
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Authority is given from “Securities Act (Ontario)”, “Commodity Futures Act (Ontario)”, and “theBusiness Corporations Act”
How is the authority for the OSC given by?
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Inform officials of any laws regarding the stock market before they perform their transactions
Allow automatic share plans that permit trades on a pre-arranged schedule when considering the trading restrictions on CEOs Assign individuals to watch other
What are some steps to avoid insider trading in a corporation?
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