EC Urges Convergence Of Insider Trading Penalties

Law360, New York (October 29, 2007, 12:00 AM EDT) -- Member states must take a firmer stance against insider trading, handing down more penalties and working to streamline regulation, according to the European Commission.

EC Head of Financial Services Policy David Wright said Monday that member states should punish market abuses with tougher sanctions. Wright also called on European governments to work towards a convergence of their sanctioning policies in order to prevent companies from seeking out countries with a softer approach to violators.

“There is a point here which the commission is concerned about, in...
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