Belgium: Insider trading in Belgium is controlled by the Authority for Financial Services and Markets (FSMA). Under Belgian law‚ insider trading is prohibited pursuant to Articles 40‚ Act on the supervision of the financial sector and financial services (August 2‚ 2002 BS 4 September 2002) Insiders: Belgian legislation defines an insider as follow: any person‚ who is employed by the issuer on a regular or Occasional base‚ and has access to inside information relating directly or indirectly to
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during the latter company’s blackout period with the effects of causing the share price of ImClone’s share to drop and the share price of shares of the Martha Stewart Living Omnimedia to drop after the scandal broke that Martha had engaged in insider trading. Through a series of events‚ she‚ her broker and his assistant
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security prison camp and then 5 months of home confinement. Merril Lynch tipped off the Securities & Exchange commission to report the possibility of insider trading on Imclong‚ and launched the joint investigation with the FBI into whether or not Ms. Stewart committed a crime. I believe that Martha Stewart was guilty of insider trading‚ lying and conspiring to lie‚ in order to protect their money. After reading this chapter on Business Ethics‚ primarily this case involving Ms. Stewart
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Offender based approaches to white collar crime is define with emphasis as an essential characteristic of crime dealing with high social status‚ power‚ and respectability of the actor. A strength to this type of approach allows the social stigmatism of the “criminal” offender to be destabilized in the public view. Drawing attention to the ideation that people within high society or social standing can and will commit crime. This approach while breaking the social norms of antisocial behavior lends
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information‚ then it creates a type of conundrum called insider trading. Insider trading is making stock market transactions based on undisclosed‚ important information. This occurs when individuals buy stock to
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Abstract Insider trading mostly occurs by individuals close to the upper level management of an organization. This type of unethical behavior undermines the stability of the organization. In the ImClone scandal where Martha Stewart was indicted for her involement‚ the stability of her company suffered and the companies and people associated with Ms. Stewart suffered as a result of her decision. In this essay I will examine the parties that were privileged to knowing ImClone’s stock was going to
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BLUE-COLLAR WORKER AND A WHITE-COLLAR WORKER The terms "blue collar" and "white collar" are occupational classifications that distinguish workers who perform manual labor from workers who perform professional jobs. Historically‚ blue-collar workers wore uniforms‚ usually blue‚ and worked in trade occupations. White-collar workers typically wore white‚ button down shirts. and worked in office settings. Other aspects that distinguish blue-collar and white-collar workers include earnings and education
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White Collar Crimes: Types and Reaction to it Introduction: White-collar crime is crime committed by a person of responsibility and high social status in the course of his or her occupation. It differs from conventional crime in that the victims may be unaware of the crime and the offender may not view himself as a criminal. White-collar crimes are committed by the affluent‚ “respectable” people in the course of their daily business activities. These are organized crimes because they are
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people don’t always work in a suitable working area. The term “Blue Collar” is jobs that require manual labor from people. The problem with these kinds of jobs is that the places the people work in can be extremely unsanitary and may cause a bad working environment for the people in it. Blue collar work is also the work most people do not want to do but it is needed for the people who do white collar jobs to prosper. Also blue collar workers are known as people who did not do well in school or people
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in the year 1939‚ who popularised the term ̳white collar crimes‘ by defining such a crime as one ―committed by a person of respectability and high social status in the course of his occupation.‖ Sutherland also included crimes committed by corporations and other legal entities within his definition. Sutherland‘s study of white collar crime was prompted by the view that criminology had incorrectly focused on social and economic determinants of crime‚ such as family background and level of wealth
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