“Yes, of course,” might be your response to the question above. That response is correct in view of the provisions against insider trading in the statute books of numerous jurisdictions such as Nigeria, United States of America and the United Kingdom, to name but a few.
However, as even a first year law student knows, the provision of the law is one thing; securing a conviction based on the provisions of the law is another thing entirely. This situation is so aptly played out in the recent insider trading case involving a hedge fund in the United States of America, SAC Capital Advisors. Some sections of the American public are so upset with the decision in the case such that another question is being asked. That is: Can someone be in charge of a criminal organisation without being a criminal? For a fuller insight into the matter, read the report here.
Click on the link below for an interesting video on the matter at hand:
You may share your thoughts on the issue using the comments section below.