The Discussion On The Legal Restraint On Tippee Insider Trading

The legal restraint on tippee is one important part of legal restraint on insider trading. However, the legislation in each country or district is different and weak. Comparatively speaking, study of the theory falls behind. In accordance with inattentive and drawbacks of the Chinese legislation in force, the article composed of five parts uses the comparative analysis method , the logic analysis method, the value-analysis method and positive analysis method etc. to make a primary exploration of the topic on the base of introduction and analysis of all kinds of theories and different legislation in different countries and districts. I hope this article can be helpful for legislation and practice and can promote the development of theory study.Part one introduces a few basic subjects in order to lay a foundation for the next discussion. Part two centers on the responsibility theory in insider trading in America to discuss the origin and development of the legal restraint on tippee. Part three makes an deep analysis of the scope of tippee and its legal basis. Part four focuses on the essential factors of tippee insider trading, mainly describing its two components, the subjective factors and the objective various activities. The last part is a summarization of the content above.