Bridge over ocean
1 March 1997 Financial Analysts Journal Volume 53, Issue 2

Insider Trading Laws and the Role of Securities Analysts

  1. Michael S. Caccese

To maintain a fair and open market, the use of nonpublic material information is generally prohibited by law or regulation. Financial analysts, whose profession depends upon gathering and processing information about companies, need to scrupulously avoid receiving, communicating, and trading on “insider” information.

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