According to the SEC rules, the inside story bargain separates legal and illegal, legal bargain, refer to the stock of the employee the business they place company of company, by this time, they want only in advance toward SEC declare then;But the illegal inside story trade and then pointed to breach to definitely trust a responsibility and acquired under the counter the behavior of the information arbitrage.The U.S. Congress passes in 1934 of 1934 stock certificate trade method is the Oakland Athletics Snapback important law that the inside story trades basis, but the earliest law didn't directly appear the words of inside story bargain and just indirectly stipulated and used in the business stock certificate luck'any manipulate of or cheat of means or design'but breach public benefitses all belong to break the law.For the sake of emollient suppress inside story bargain of behavior, the congress drew up inside story the person trade to impose sanction against a method in 1984 and drew up inside story the person trade to cheat with stock certificate to carry out a method in 1988, two all merge afterwards a part of1934 stock certificate trade method .
The United States is thought is the nation that punishes biggest strength for bargain for inside story.But the public opinion thinks, definition trade to the inside story, still have big slice of of grey area.
New York Times 2010 annuals ascend to comment on to point out, the SEC punishment inside story trades already no longer only because the employee breaches it to entrust a responsibility, but is with ensure equity in the market for lay particular emphasis on a point;SEC should more definitely classify inside story bargain to trade with non- inside story.New York Times raised an Mont blanc Sunglasses for Men example:SEC indicted at the machinist that a railroad company works and multiply by to work a member and call that they carry on stock arbitrage through the inside story that the related companies will be procured, but they of so acquire an inside story, then because of discovering appearing some visitor that the occupation packs of wearings in the company.
The extensive application of calculator network, also make definition'the illegal inside story trade'become more difficult, because take charge of very difficult will at will of the chat language is evidence.Recently, SEC chairman Mary-summer skin Luo(Mary Schapiro) publicly mean, Twitter and Facebook brought them trouble, 'people in the network chat room can also hold Gao stock price, can these people pretend not is know what happened.'
The John-radicle Nu hole just being caught is a typical model case, before now, he hasn't been cooperating with prosecutor.He says that what prosecutor thinks'inside story'is only some'profession gossip'.

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