Insider Trading , Jeffery Archer :: essays research papers

Insider Trading ArticleQ1. What is Jeffery Archer accused of? Jeffery Archer is accused of insider trading with the shares of Anglia TV. Jeffery bought shares for the inside information of the companies dealing account, the day after the last(a) board meeting but before the bid was announced. He should have known that even if he found out insider information from his wife the integrity makes it clear that he cannot deal or trade with that stock. It would be considered unfair to the rest of the shareholders, because other shareholders would not have the same information like Jeffery. As we know the buying and selling of shares must be based on public information Q2. Who is Mary Archer and which insider trading rule, may she have go against? Mary Archer is the wife of Jeffery Archer, and as well she is a director for Anglia TV Company. The insider trading rule that Mary may have separated is that if she did tell her save about the insider information from board meetings, she sho uld beware that directors close relatives are not allowed to deal ahead of takeover bids. Also questions arise in the article, that as it is accepted that Mary did not tell her husband about the bid, how much information has found out without her knowledge. If she did share information with her husband than she violate the rule of insider trading which states thatInsider shouldnt communicate private information to others who are likely to use it. Q3. Who is Brooke Saib and which insider trading rule has he violated? Brook Saib was the aide-de-camp of Jeffery Archer. The article shows that he has access to brokers and invests a lot. What happened was that Jeffery bought shares through a different broker than the usual, with the name of Brook Saib and the profits transferred to Saibs account. The odd thing is that also a profit of 80,000 pounds has left Saibs account. And over that, he said that dare not say where the money is.