bharatj
Moderator
Staff member
Moderator
Member of Parliament
Department of Justice
Department of Construction
Lawyer
bharatj
MemberOfParliament
Title: Insider Trading
Type: Creation
Reasoning: With the addition of a stock market into BC, insider trading may become an issue that can provide unfair advantages to some people. Insider trading is defined as “the illegal practice of trading on the stock exchange to one's own advantage through having access to confidential information.” Confidential information can be defined in this instance as any information not available to the public or that gives a trader an unfair advantage.
Bill: Insider trading will be illegal. This will be monitored by the DoBD and punished by the DoJ.
Punishments:
First offense- Warning + removal of profits obtained
Second offense- 5 min jail time + removal of profits
Third offense- 10 min jail time + 1 week suspension of all trading activities
Fourth offense- 15 min jail time + removal from stock market participation
Type: Creation
Reasoning: With the addition of a stock market into BC, insider trading may become an issue that can provide unfair advantages to some people. Insider trading is defined as “the illegal practice of trading on the stock exchange to one's own advantage through having access to confidential information.” Confidential information can be defined in this instance as any information not available to the public or that gives a trader an unfair advantage.
Bill: Insider trading will be illegal. This will be monitored by the DoBD and punished by the DoJ.
Punishments:
First offense- Warning + removal of profits obtained
Second offense- 5 min jail time + removal of profits
Third offense- 10 min jail time + 1 week suspension of all trading activities
Fourth offense- 15 min jail time + removal from stock market participation