Skip to Content

Insider Trading in Developing Jurisdictions

Achieving an effective regulatory regime

By Wunmi Bewaji

Routledge – 2012 – 310 pages

Purchasing Options:

  • Add to CartPaperback: $46.95
    978-1-13-801684-2
    January 10th 2014
  • Add to CartHardback: $145.00
    978-0-415-52135-2
    June 12th 2012

Description

The book examines the regulation of insider dealing in the developed jurisdictions, using three of the G7 countries as guides with the aim of knowing how they have regulated insider trading and what lessons can be learnt from their failures and achievements. It looks at regulatory regimes in the US, the UK and Japan in order to consider whether these regimes can be successfully transplanted to developing countries.

In order to explore insider dealing in the developing world the book focuses on Nigeria, Africa’s most populous nation and second largest economy. This book examines in theoretical and empirical terms the law on insider trading away from the dogmatic approach of Western literature by presenting the subject from the prism of a developing jurisdiction in post-colonial Africa with a divergent cultural, historical, social, political and economic background. The author analyses what shape insider dealing takes in Nigeria, a predominantly illiterate society, and considers the groups involved. The books also explores how the concept of insider dealing regulation is understood amongst parties integral to its administration and enforcement such as lawyers, judges, stockbrokers, and ordinary investors. The legislation governing insider dealing regulation in Nigeria is critically examined to expose its strengths and weaknesses, and to see how foreign provisions and legislation have been incorporated. The book uses Nigerian experiences to consider its implications for other developing nations, arguing that regulatory regimes need to take into account the specific social, political, historical and economic factors of a particular locale rather than importing regulations wholesale from developed jurisdictions.

Contents

1. Introduction 2. Insider Dealing: The Crime of Information 3. Fighting A Common Enemy: Anglo-American and Japanese Attitudes On Insider Dealing 4. Flags of Confusion: The Limitations And Frustrations Of Imitation 5. A Critical Expedition Into The Kingdom Of Nigeria’s Insider Dealers 6. Fixing The Leaking Roof Of Nigeria’s Insider Dealing Regulation 7. Conclusions

Author Bio

Wunmi Bewaji holds a PhD in Law from the University of Leeds, United Kingdom and specialises in Securities and Financial Regulations Law. Dr. Bewaji is a barrister and solicitor of the Supreme Court of Nigeria and was a member of the Federal House of Representatives of the Nigerian National Assembly for eight years, half of which was spent serving as a Minority Leader.

Name: Insider Trading in Developing Jurisdictions: Achieving an effective regulatory regime (Hardback)Routledge 
Description: By Wunmi Bewaji. The book examines the regulation of insider dealing in the developed jurisdictions, using three of the G7 countries as guides with the aim of knowing how they have regulated insider trading and what lessons can be learnt from their failures and...
Categories: Banking & Finance Law, Business & Company Law, Criminal Law & Practice, Development Studies, Economics and Development, White Collar Crime - Forms of Crime, Criminology and Law, White Collar Crime