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The Insider Trading Act of 1988

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The Insider Trading Act of 1988

Drexel Burnham Lambert was a big time Wall Street firm that went bankrupt because of the many bad things they did…and they forced the government to create a series of laws that specifically targeted against insider trading.

Broadly put, the law provides for remedies against anyone who benefits from insider trading, and yes siree, those penalties are severe. If you break them, just hope you look good in stripes.

The key elements of the law revolve around the definition and application of w...

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