¶ … Acquainted With the Law
Various Law Terms-3
Insider Trading
This is either legal or illegal (Priebe, 2012). It is legal and legitimate when corporate officers, directors and shareholders of at least 10% of the outstanding stock of the business. They file the required information with the Securities and Exchange Commission at regular periods (Priebe).
Illegal Insider Trading
This is conducted by trusted person but violates that company's trust (Priebe, 2012). The person is usually someone who enjoys fiduciary trust in working for and keeping the best interest of the company or its shareholders. He may be an officer, a director or an outsider who has access to confidential information about the company. That outsider may be the company's banker, auditor, or lawyer. In general, he is an insider who gives or receives inside information or tips (Priebe).
Characteristics of the Inside Information
It must be important and private (Priebe, 2012). It must be essential enough to motivate the trusted person to act on it. It must also be unknown to the public. Employees who possess or have access to important and confidential company information can be prosecuted for illegal inside trading (Priebe).
Perceptions
Some argue that it is a legitimate form of corporate compensation (Priebe, 2012). Others believe markets will weaken if conversations between securities analysts and corporate insiders are limited. Still others contend that there is no victim in this act and, thus, the government should not spend uselessly in trying to eliminate it. But SEC debunks all these arguments (Priebe).
Hate Crimes and the First Amendment
The Police Department of the University of California in Irvine defines a hate crime as "a criminal offense against persons, property or society, motivated wholly or partly by...
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