Stock market efficiency, insider dealing and market abuse: The UK experience

Paul Barnes

doi:10.1504/IJBGE.2010.029554

Stock market efficiency, insider dealing and market abuse: The UK experience

Paul Barnes^*

^*Corresponding author for this work

Department of Accounting and Corporate Governance

Research output: Contribution to journal › Article › peer-review

Abstract

It is only recently that market abuse, of which insider dealing is a form, has been unlawful in the UK. The general impression is that insider dealing is common, that the Financial Services Authority (FSA), the main regulator, is aware of this but is unable, except in the most obvious of cases, to prosecute at the criminal level. The picture is less clear for other forms of market abuse and the evidence as to their frequency of occurrence is conflicting. As a result we are unable to assess the extent to which these go unchecked.

Original language	English
Pages (from-to)	38-50
Number of pages	13
Journal	International Journal of Business Governance and Ethics
Volume	5
Issue number	1-2
DOIs	https://doi.org/10.1504/IJBGE.2010.029554
Publication status	Published - 2010

Keywords

Efficient capital markets hypothesis
Insider dealing
Insider trading
Market abuse
Pump and dump
Share prices
Trash and cash

Access to Document

10.1504/IJBGE.2010.029554

Link to publication in Scopus

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