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Insider trading – unsolved issues

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Zeitschriftentitel: Journal of Financial Crime
Personen und Körperschaften: Teichmann, Fabian Maximilian Johannes
In: Journal of Financial Crime, 26, 2019, 3, S. 786-792
Format: E-Article
Sprache: Englisch
veröffentlicht:
Emerald
Schlagwörter:
Law
General Economics, Econometrics and Finance
author_facet Teichmann, Fabian Maximilian Johannes
Teichmann, Fabian Maximilian Johannes
author Teichmann, Fabian Maximilian Johannes
spellingShingle Teichmann, Fabian Maximilian Johannes
Journal of Financial Crime
Insider trading – unsolved issues
Law
General Economics, Econometrics and Finance
author_sort teichmann, fabian maximilian johannes
spelling Teichmann, Fabian Maximilian Johannes 1359-0790 1359-0790 Emerald Law General Economics, Econometrics and Finance http://dx.doi.org/10.1108/jfc-08-2018-0079 <jats:sec><jats:title content-type="abstract-subheading">Purpose</jats:title><jats:p>This paper aims to show that, despite the development of prevention mechanisms for banks, undetected insider trading remains highly feasible. It, thereby, highlights that the current anti-insider-trading mechanisms, on which previous literature has extensively focused, can be easily circumvented.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Design/methodology/approach</jats:title><jats:p>A two-step research process was employed. First, informal interviews were conducted with illegal financial services providers. Second, 50 compliance experts and law enforcement officers were formally interviewed. Responses from both sets of interviewees were subjected to quantitative content analysis to yield empirical findings.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Findings</jats:title><jats:p>Concrete and specific methods of insider trading and limiting the risks of being prosecuted were reported by interviewees. They suggested that the use of strawmen and offshore banks greatly facilitate insider trading.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Research limitations/implications</jats:title><jats:p>The perspectives of the 100 interviewees have not been quantitatively tested.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Practical implications</jats:title><jats:p>Suggestions on how to more effectively combat insider trading are provided for financial institutions and compliance officers.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Originality/value</jats:title><jats:p>Although the empirical findings are based on conditions in Europe, the results have potential global application.</jats:p></jats:sec> Insider trading – unsolved issues Journal of Financial Crime
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title Insider trading – unsolved issues
title_unstemmed Insider trading – unsolved issues
title_full Insider trading – unsolved issues
title_fullStr Insider trading – unsolved issues
title_full_unstemmed Insider trading – unsolved issues
title_short Insider trading – unsolved issues
title_sort insider trading – unsolved issues
topic Law
General Economics, Econometrics and Finance
url http://dx.doi.org/10.1108/jfc-08-2018-0079
publishDate 2019
physical 786-792
description <jats:sec><jats:title content-type="abstract-subheading">Purpose</jats:title><jats:p>This paper aims to show that, despite the development of prevention mechanisms for banks, undetected insider trading remains highly feasible. It, thereby, highlights that the current anti-insider-trading mechanisms, on which previous literature has extensively focused, can be easily circumvented.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Design/methodology/approach</jats:title><jats:p>A two-step research process was employed. First, informal interviews were conducted with illegal financial services providers. Second, 50 compliance experts and law enforcement officers were formally interviewed. Responses from both sets of interviewees were subjected to quantitative content analysis to yield empirical findings.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Findings</jats:title><jats:p>Concrete and specific methods of insider trading and limiting the risks of being prosecuted were reported by interviewees. They suggested that the use of strawmen and offshore banks greatly facilitate insider trading.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Research limitations/implications</jats:title><jats:p>The perspectives of the 100 interviewees have not been quantitatively tested.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Practical implications</jats:title><jats:p>Suggestions on how to more effectively combat insider trading are provided for financial institutions and compliance officers.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Originality/value</jats:title><jats:p>Although the empirical findings are based on conditions in Europe, the results have potential global application.</jats:p></jats:sec>
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description <jats:sec><jats:title content-type="abstract-subheading">Purpose</jats:title><jats:p>This paper aims to show that, despite the development of prevention mechanisms for banks, undetected insider trading remains highly feasible. It, thereby, highlights that the current anti-insider-trading mechanisms, on which previous literature has extensively focused, can be easily circumvented.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Design/methodology/approach</jats:title><jats:p>A two-step research process was employed. First, informal interviews were conducted with illegal financial services providers. Second, 50 compliance experts and law enforcement officers were formally interviewed. Responses from both sets of interviewees were subjected to quantitative content analysis to yield empirical findings.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Findings</jats:title><jats:p>Concrete and specific methods of insider trading and limiting the risks of being prosecuted were reported by interviewees. They suggested that the use of strawmen and offshore banks greatly facilitate insider trading.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Research limitations/implications</jats:title><jats:p>The perspectives of the 100 interviewees have not been quantitatively tested.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Practical implications</jats:title><jats:p>Suggestions on how to more effectively combat insider trading are provided for financial institutions and compliance officers.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Originality/value</jats:title><jats:p>Although the empirical findings are based on conditions in Europe, the results have potential global application.</jats:p></jats:sec>
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spelling Teichmann, Fabian Maximilian Johannes 1359-0790 1359-0790 Emerald Law General Economics, Econometrics and Finance http://dx.doi.org/10.1108/jfc-08-2018-0079 <jats:sec><jats:title content-type="abstract-subheading">Purpose</jats:title><jats:p>This paper aims to show that, despite the development of prevention mechanisms for banks, undetected insider trading remains highly feasible. It, thereby, highlights that the current anti-insider-trading mechanisms, on which previous literature has extensively focused, can be easily circumvented.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Design/methodology/approach</jats:title><jats:p>A two-step research process was employed. First, informal interviews were conducted with illegal financial services providers. Second, 50 compliance experts and law enforcement officers were formally interviewed. Responses from both sets of interviewees were subjected to quantitative content analysis to yield empirical findings.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Findings</jats:title><jats:p>Concrete and specific methods of insider trading and limiting the risks of being prosecuted were reported by interviewees. They suggested that the use of strawmen and offshore banks greatly facilitate insider trading.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Research limitations/implications</jats:title><jats:p>The perspectives of the 100 interviewees have not been quantitatively tested.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Practical implications</jats:title><jats:p>Suggestions on how to more effectively combat insider trading are provided for financial institutions and compliance officers.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Originality/value</jats:title><jats:p>Although the empirical findings are based on conditions in Europe, the results have potential global application.</jats:p></jats:sec> Insider trading – unsolved issues Journal of Financial Crime
spellingShingle Teichmann, Fabian Maximilian Johannes, Journal of Financial Crime, Insider trading – unsolved issues, Law, General Economics, Econometrics and Finance
title Insider trading – unsolved issues
title_full Insider trading – unsolved issues
title_fullStr Insider trading – unsolved issues
title_full_unstemmed Insider trading – unsolved issues
title_short Insider trading – unsolved issues
title_sort insider trading – unsolved issues
title_unstemmed Insider trading – unsolved issues
topic Law, General Economics, Econometrics and Finance
url http://dx.doi.org/10.1108/jfc-08-2018-0079