Staff View: Insider trading – unsolved issues

Insider trading – unsolved issues

<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 curr...

Bibliographic Details
Journal Title:	Journal of Financial Crime
Authors and Corporations:	Teichmann, Fabian Maximilian Johannes
In:	Journal of Financial Crime, 26, 2019, 3, p. 786-792
Type of Resource:	E-Article
Language:	English
published:	Emerald
Subjects:	General Economics, Econometrics and Finance Law

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rft.atitle	Insider trading – unsolved issues
rft.epage	792
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abstract	<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>
authors	Array ( [rft.aulast] => Teichmann [rft.aufirst] => Fabian Maximilian Johannes )
doi	10.1108/jfc-08-2018-0079
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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 General Economics, Econometrics and Finance Law 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, General Economics, Econometrics and Finance, Law
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
topic	General Economics, Econometrics and Finance, Law
url	http://dx.doi.org/10.1108/jfc-08-2018-0079