Insider Trading Sanctions Act of 1984

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Insider Trading Sanctions Act of 1984

Act imposing civil and criminal penalties for insider trading violations.

Insider Trading Sanctions Act of 1984

Legislation in the United States that increased criminal and civil penalties for insider trading.

Insider Trading Sanctions Act of 1984

The federal legislation that increased sanctions against individuals who buy or sell securities while in possession of information that is pertinent to the transaction and not available to the public.
References in periodicals archive ?
18) By enacting both the Insider Trading Sanctions Act of
The House Report on the Insider Trading Sanctions Act also
Over the years, the US Congress has substantially increased the penalties for insider trading by enacting the Insider Trading Sanctions Act of 1984 and the Insider Trading and Securities Fraud Enforcement Act of 1988.
In 1984 Congress passed the Insider Trading Sanctions Act of 1984 (ITSA), which provides for up to three times the insiders' illegal profits in civil penalties and a tenfold increase in criminal penalties (from $10,000 to $100,000).
The principal laws that cover illegal insider trading include: 1) the Securities Act of 1933 (Securities Act) and the Securities Exchange Act of 1934 (the Exchange Act); 2) the SEC rules issued based on provisions of the Exchange Act; 3) amendments to the Exchange Act including the Insider Trading Sanctions Act (ITSA), and the Insider Trading and Securities Fraud Enforcement Act of 1988 (ITSFEA); 4) laws unrelated to securities laws that are used against insider trading, e.
Reburn, 1993, "The Effects of the Insider Trading Sanctions Act of 1984: The Case of Seasoned Equity Offerings," Journal of Financial Research (Summer), 163-172.
1985, "Penalizing Insider Trading: A Critical Assessment of the Insider Trading Sanctions Act of 1984," Duke Law Journal (November), 960-1025.
Significant changes in regulatory sanctions during the 1980s, particularly passage of the Insider Trading Sanctions Act of 1984, were designed to increase expected costs of illegal insider trading.
In particular, the Insider Trading Sanctions Act (ITSA) of 1984 greatly increased penalties for illegal insider trading.
Table 5 compares abnormal insider trading activity for the period prior to passage of the Insider Trading Sanctions Act of 1984 and for the period following its passage.
The objective of this paper is to test empirically the deterrent effects of the passage of a relatively stringent piece of legislation aimed at deterring insider trading - the Insider Trading Sanctions Act (ITSA) of 1984.
The Supreme Court ruling prompted the SEC to lobby for the Insider Trading Sanctions Act (ITSA), which was passed in 1984.