This paper assess the impact of the new insider dealing legislation on investor behaviour and share pricing.
False markets exist in many shares for lengthy periods.
The authorities must continue to look seriously at introducing regulatory action alongside criminal legislation. The authorities must offer clearer guidance on what constitutes price-sensitive information. Companies should be required to provide more regular, official updates of trading performance. Value investing has become a dangerous occupation. Supposed value anomalies are often likely to be pricing anomalies arising from inadequate dissemination of information.