Regulation and insider trading in the US stock market

Reglamentación y uso de información privilegiada en el mercado norteamericano de valores;
Regulamentação e emprego de informação privilegiada no mercado norte-americano de valores

dc.creatorPerossa, Mario Luis
dc.creatorWaldman, Pablo
dc.creatorDíaz Uberman, Damián Sergio
dc.date2015-06-01
dc.date2023-03-22T18:41:38Z
dc.date2023-03-22T18:41:38Z
dc.date.accessioned2023-09-06T17:53:23Z
dc.date.available2023-09-06T17:53:23Z
dc.identifierhttps://revistas.unimilitar.edu.co/index.php/ravi/article/view/452
dc.identifier10.18359/ravi.452
dc.identifierhttp://hdl.handle.net/10654/42364
dc.identifier.urihttps://repositorioslatinoamericanos.uchile.cl/handle/2250/8693310
dc.descriptionThe aim of this paper is exploring use of insider trading in the capital markets, producing information asymmetry and adverse selection for those who do not have access or otherwise delayed access to data. Here we can see the key regulations of the US market –Securities Act of 1933 and Securities Exchange Act of 1934, or Securities Act as it is commonly known, which has two main objectives: the foundation of SEC (Security and Exchange Commission), the main federal agency responsible enforcing the law of US financial markets and also the regulation of secondary markets. Finally, the Investment Company Act of 1940 to control US financial markets. These issues are addressed and other cases showing the economic impact by that market imperfection.
dc.descriptionEl objetivo de este artículo de investigación se relaciona con el uso indebido de la información en los mercados de capitales, los cuales originan asimetría de la información y la selección adversa de aquellos que no tienen acceso o tienen acceso tardío a la información. Aquí se presentan las regulaciones básicas del mercado norteamericano –la Securities Act de 1933 y la Securities Exchange Act de 1934 (Ley de Valores como comúnmente se la reconoce), la cual tiene dos objetivos primordiales: la creación de la SEC (Security and Exchange Commission), principal organismo responsable de la aplicación de la legislación de Estados Unidos en temas de valores federales, por un lado, y la regulación de los mercados secundarios, por el otro. Concluye este cuerpo normativo la Investment Company Act de 1940 para la regulación de los mercados financieros de Estados Unidos. En este trabajo se desarrollan estos temas y se presentan algunos casos ocurridos que demuestran el efecto económico producido por las imperfecciones del mercado.
dc.descriptionO escopo deste artigo de pesquisa relaciona-se com o emprego indevido da informação nos mercados de capitais, os quais originam assimetria da informação e seleção adversa daqueles que não têm aceso o aceso tardio à informação. Aqui se apresentam as regulações básicas do mercado norte-americano –a Securities Act de 1933 y la Securities Exchange Act de 1934 (Lei de Valores como comumente é conhecida), a qual tem dois alvos primordiais: a criação da SEC (Security and Exchange Commission), o principal organismo responsável da aplicação da legislação dos Estados Unidos no tema de valores federais, de um lado, e a regulação dos mercados secundários, do outro. Conclui este corpo normativo a Investment Company Act de 1940 para a regulação dos mercados financeiros de Estados Unidos. Neste trabalho desenvolvem-se esses temas e apresentam-se alguns casos que aconteceram e mostraram o efeito económico produzido pelas imperfeiçoes do mercado.
dc.formatapplication/pdf
dc.languagespa
dc.publisherUniversidad Militar Nueva Granada
dc.relationhttps://revistas.unimilitar.edu.co/index.php/ravi/article/view/452/246
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dc.rightsDerechos de autor 2016 Academia y Virtualidad
dc.sourceAcademia y Virtualidad; Vol. 8 No. 1 (2015): january - june; 111-120
dc.sourceAcademia y Virtualidad; Vol. 8 Núm. 1 (2015): enero - junio; 111-120
dc.sourceAcademia y Virtualidad; v. 8 n. 1 (2015): janeiro - junho; 111-120
dc.source2011-0731
dc.subjectasymmetrical information
dc.subjectinsider trading
dc.subjectmarket regulation
dc.subjectadverse selection
dc.subjectasimetría de la información
dc.subjectinformación privilegiada
dc.subjectregulación del mercado
dc.subjectselección adversa
dc.subjectassimetria da informação
dc.subjectinformação privilegiada
dc.subjectregulação do mercado
dc.subjectseleção adversa
dc.titleRegulation and insider trading in the US stock market
dc.titleReglamentación y uso de información privilegiada en el mercado norteamericano de valores
dc.titleRegulamentação e emprego de informação privilegiada no mercado norte-americano de valores
dc.typeinfo:eu-repo/semantics/article
dc.typeinfo:eu-repo/semantics/publishedVersion


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