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Finance Glossary

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Over 700 finance terms, Shmooped to perfection.

Insider Trading And Securities Fraud Enforcement Act Of 1988

Definition:

It has been illegal since the Securities and Exchange Act of 1934 (the '34 Act) to use inside information to trade on stocks. This 1988 legislation was basically Congress saying, "We're really serious about this." Provided some beefed-up penalties if you get caught. See Raj Rajnaratram.

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