Define how UK law has evolved to curb the practice of Insider Dealing.
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In the financial market, information is King. Rumours and speculation exchanged over a quick coffee or pint in the local can be used to make a quick buck on the stock exchange. Specific information about companies is a key determinant in the value of company shares. Certain individuals within a company are well placed to obtain this valuable, confidential and price sensitive information, giving them an unfair opportunity to deal in the shares before the information becomes public knowledge. According to White, "the abuse of privy knowledge has long been recognised as highly profitable in the marketplaces of the City."1 This essay will look at the legislation that has been implemented to try and curb the practice of insider dealing and discuss the policy considerations behind these regulations. It will show that it is far from clean cut and an area of law that has generated debate and controversy over...


