The European Union Market Abuse Directive requires member states to enact national legislation punishing primary,but not secondary insiders.

Question

Quizplus · Accepted Answer

The European Union Market Abuse Directive requires member states to enact national legislation punishing both primary and secondary insiders for insider trading and other market abuse offenses. Primary insiders are typically officers, directors, and other high-level executives of a company, while secondary insiders are anyone else with access to non-public information that could influence the price of a security. The goal of the directive is to promote transparency and integrity in EU markets by deterring illicit insider trading and other manipulative practices.

The European Union Market Abuse Directive Requires Member States to Enact