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The Insider Trading in the European Union Law
Gloria Esteban de la Rosa*Professor of Private International Law, University of Jaén, Spain
- *Corresponding Author:
- Gloria Esteban de la Rosa
Chair Professor of Private International Law
University of Jaén, Spain
Tel: 953 212121
E-mail: gesteban@ujaen.es
Received Date: November 14, 2014; Accepted Date: November 17, 2014; Published Date: November 25, 2014
Citation: de la Rosa GE (2014) The Insider Trading in the European Union Law. J Civil Legal Sci 3:135. doi:10.4172/2169-0170.1000135
Copyright: © 2014 de la Rosa GE. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
Abstract
Insider trading is the negotiation in stock market misusing privileged information by people who are in exclusive position to access to such information, should be informed the market as a “relevant fact”, except in an ongoing operation, on which a legitimate interest to keep reserved is held. They are called corporate insiders. The determination of the legal system of the international financial operations with privileged information presents certain difficulties, due the absence of a common regulation, also in the European Union.
