Prohibits the purchase, sale, or exchange of nonpublic information for financial benefit.
The Stop Corrupt Trading Act prohibits the purchase, sale, or exchange of nonpublic information for financial benefit. It defines "nonpublic information" as information that a covered person gains from their official position and knows or should know has not been made available to the public. The act imposes criminal penalties, including fines and imprisonment, and civil penalties, including disgorgement and equitable relief.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.