Compliance Challenges for Insider List and MNPI Management under MAR

The European Market Abuse Regulations (MAR) have been with us for a few years now. Their purpose was to make companies more transparent and fight the problem of insider trading. But despite being introduced in 2016, the evidence suggests that most UK businesses are not yet compliant with the law and firms are struggling to handle material nonpublic information (MNPI).

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Investment Bankers Charged for International Insider Trading

Two London investment bankers were charged on Monday in the US for an insider trading scheme. The prosecutors claim that the large-scale scheme generated around $10 million in illegal profit. The spokesman for the Manhattan U.S attorney could not confirm if the couple are under arrest.

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New Bill Seeks Clarity on Insider Trading Law

On May 7, 2019, U.S. Representative James Himes (D-Conn) introduced the “Insider Trading Prohibition Act,” which would amend the Securities Exchange Act of 1934, by inserting a new section that defines the elements of criminal insider trading. The bill was passed unanimously in the House Financial Services Committee on May 10. 

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