Research Student: Saleh Rashed Alhamrani
Insider Dealing In the Stock Market Environment: A Comparative Study between American, British and Emirates Laws
The thesis considers why insider dealing is prohibited and how regulations can be developed and implemented in a manner that promotes equality and fairness among market participants.
The main objective of this thesis is to contribute to the development of the UAE insider dealing regulations and legislation with an in-depth discussion of how the problem is manifested and dealt with in countries with long experience in confronting this offence. Hence, this thesis compares in detail the UAE legal framework with the US and the UK to identify appropriate solutions that can be adapted to maintain market integrity and investor protection, as well as to enhance the efficiency of the UAE stock markets.
Various legal aspects of insider dealing, including the historical development of insider dealing regulations are discussed and compared.
The thesis investigates the difficulties that arise from detecting, proving, preventing, and controlling insider dealing activity. It critically examines the objective and subjective elements of insider dealing; illustrates the civil, criminal, and administrative consequences of this offence; and outlines the available defences to insider trading liability.