Market Manipulation and Insider Trading

Ester Herlin-Karnell is currently a visiting research fellow at Uppsala University. Nicholas Ryder is Professor of Law at the University of the West of England, Bristol.

1. Introduction
I. Introduction
II. The Financial Crisis and the Fight against Financial Crimes: Some Hardcore Data
III. Market Manipulation: The Major Crime
IV. Structure of the Chapters
V. Conclusion
2. Market Manipulation and Insider Dealing in the EU Context
I. Introduction
II. The EU’s Fight against Financial Crimes and the Importance of ‘Confidence’ in the Market
III. The EU Legislative Framework to Fight Market Abuse
IV. Criminal Liability for Legal Persons – A Brief Overview
V. Conclusion
3. Regulatory Strategies: On the Choice of Sanction
I. Introduction
II. Quasi-criminal Law in the EU Context
III. The Eternal Debate: Criminal or Administrative Sanctions?
IV. Market Abuse Sanctions – The EU Context and the Question of Proportionality
V. The United Kingdom
VI. The United States of America
VII. Conclusion
4. Market Abuse and the Wider EU Fight Against Financial Crimes
I. Introduction
II. The Wider Area of Financial Crimes: Money Laundering and Fraud
III. The European Public Prosecutor’s Office and EU Agencies
IV. Subsidiarity Questions and Accountability with Broader Relevance for the EU Market Abuse Regime
V. Fundamental Rights and Data Protection
VI. Conclusion
5. The United Kingdom
I. Introduction
II. Insider Dealing
III. Market Abuse
IV. The 2007/08 Financial Crisis, Market Manipulation and the Enforcement Response
V. The Serious Fraud Office
VI. The Financial Conduct Authority
VII. Conclusion
6. The United States of America
I. Introduction
II. Insider Trading
III. Market Manipulation
IV. The 2007/08 Financial Crisis, Market Manipulation and the Enforcement Response
V. The Securities and Exchange Commission
VI. The Department of Justice
VII. Commodities Futures Trading Commission
VIII. Conclusion
7. Conclusion
I. Introduction
II. Final Remarks