(Bloomberg) -- Swiss upper-house lawmakers will vote
today in favor of closing a legal loophole that allows insider
trading on advance knowledge of company earnings.
Switzerland's penal code requires jail terms or fines for
executives, directors or auditors who capitalize on knowing what
the rest of the market doesn't know. However, it limits such cases
to a planned sale of new shares, a merger or ``circumstances of
comparable significance.''
Read more at Bloomberg Stocks News
today in favor of closing a legal loophole that allows insider
trading on advance knowledge of company earnings.
Switzerland's penal code requires jail terms or fines for
executives, directors or auditors who capitalize on knowing what
the rest of the market doesn't know. However, it limits such cases
to a planned sale of new shares, a merger or ``circumstances of
comparable significance.''
Read more at Bloomberg Stocks News
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