Comparative Study of Confidential Information Disclosure Impact on Stock Exchange Transactions (Information Disclosure Limit, Sanctions and Transaction Nullity)

Document Type : Research Article

Authors

1 A facualty member ،Department of law، Faculty of Literature and Humanities،University of Zabol،zabol، Iran

2 Assistant professor, Department of Religious Jurisprudence, Faculty of Literature and Humanities، University OF Shahid Bahonar of Kerman, Kerman, Iran

Abstract

Capital market or stock exchange has been considered in different countries of the world and many laws and incentives have been set out for its improvement and to motivate people to enter it. Meanwhile, people or companies need a sense of trust to enter this market. They want to be confident that they can easily invest their capital and that all the issues and information they use to make a profit will be confidential. The principle of confidentiality of information in the capital market has been examined in Iranian law regarding stock exchange. This paper aims to examine the impact of confidential information disclosure on transactions and also the measures and sanctions set out by the legislator in this regard.

Keywords

Main Subjects

References

Ameli, H. (1998). “The limits of the duties of managers”, Journal of Law and Society, No. 9. (in Persian)
Baricloo, A.R. (2004). “Transaction outside the scope of the manager's”, Authority-Legal Thoughts, Second Year, No. 6, Qom. (in Persian)
Demar-Chili M, Hatami, A., & Qaraei, M. (2001). Commercial Law in the Current Legal Order, Persian Gulf Publications. (in Persian)
Faizi-Chakab (2012). “Legal Requirements of Companies in the New Trade Bill”, Support Magazine. (in Persian)
Fisher, J. & Croft, D. )2011). Policy onuse & public disclosure of inside information.
Hashemi, S. F. (2010). “A Comparative Study of the Safe Duties of Joint Stock Company Managers and its Study with American Law”, M.Sc. in Private Law, Tehran University, Qom Campus. )in Persian)
Heydarpour, A. (2003). Restrictions of Company Managers in Trading, Mahziar Publications, Ahvaz. (in Persian)
Junidi, L. & Nowruzi, M. (2010). “Article on Recognizing the Nature of Secret Information in the Stock Exchange”, Law (Journal of the Faculty of Law and Political Science), Vol. 39, No. 2, pp. 129-147. (in Persian)
-------------------------------- (2009). “An Introduction to Holders of Secret Information of Public Joint Stock Companies”, Law (Journal of the Faculty of Law and Political Science), Vol. 40, No. 101, pp. 51-69. (in Persian)
Kamranzadeh, N. (2001). “Civil Liability of Managers of Joint Stock Companies”, Master's Thesis in Private Law, Islamic Azad University, Central Tehran Branch. (in Persian)
Katozian, N. (2005). Non-Contractual Obligations (Compulsory Guarantee), Fourth Edition, Tehran, University of Tehran Press, Vol. 1. (in Persian)
KljaKovic, M. (2007). Insider Trading position and consultation paper. www.treasury.gov.au.
Lauren cohen et.al (2011). DeCoding inside information, 11 April.
Mister Thorne (2005). Content For Course On Insider Trading.
Release and Control of inside information, The ruled for listed company: FreshFields BrueKhaus Deringer, January 2011.05.31.
Sajedi, V. (2006). “Restrictions on the company's transactions with managers”, Bourse Magazine, No. 53. (in Persian)
Sharifi Al-Hashem, E. (2000). “Abuse of managers' authority by the management of joint stock companies”, (comparative study), Thesis, Tarbiat Modares University. (in Persian)
William K.S. Wang & Marc I. Steinberg,insider Trading (PLI2D.ED. 2006). http://ssrn.com/abstract=981638
Zahed, F. & Lashkari, H.R. (2008). “Legal Responsibility of Managers in Commercial Companies”, Information Magazine. (in Persian)
Private Law
Volume 17, Issue 2
Autumn & Winter
October 2020
Pages 501-520

Files

Share

How to cite

Statistics