(Bloomberg) -- Swiss upper-house lawmakers voted
today to close a legal loophole that allows insider trading on
advance knowledge of company earnings.
Switzerland's penal code requires jail terms or fines for
executives, directors or auditors who capitalize on knowing what
the rest of the market doesn't know. However, it limits such
cases to a planned sale of new shares, a merger or
``circumstances of comparable significance.''
Read more at Bloomberg Stocks News
today to close a legal loophole that allows insider trading on
advance knowledge of company earnings.
Switzerland's penal code requires jail terms or fines for
executives, directors or auditors who capitalize on knowing what
the rest of the market doesn't know. However, it limits such
cases to a planned sale of new shares, a merger or
``circumstances of comparable significance.''
Read more at Bloomberg Stocks News
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