An Analysis of the General Enforcement Approaches to Combat Market Abuse (Part 1)

Abstract

This article analyses the role and use of selected general anti-market abuse approaches in order to increase awareness and enforcement on the part of the relevant stakeholders. To this end, the article provides an evaluation of selected general anti-market abuse-enforcement approaches as well as the significant advantages and disadvantages of such approaches. This is done in two parts: firstly, Part I discusses the anti-market abuse measures that primarily deal with enforcement and Part II discusses anti-market abuse measures that primarily deal with surveillance, detection and investigation which will be covered in the next article.

Overview analysis of the regulation of insider trading in Zimbabwe during the corona virus pandemic

“…Criminal penalties may be imposed on insider trading offenders in terms of section 90 of the Securities Act (also see section 88; Chitimira and Lawack, 2012, pp. 548–565) [13].…”

“…Accordingly, the Securities Act should provide adequate provisions for insider trading administrative sanctions such as cease and desist orders, warning and suspension orders, search and seizure orders, asset forfeiture orders, asset freezing orders, cancellation of licenses, name and shaming (public censure) [16] and higher monetary sanctions for juristic persons to deter all persons from committing insider trading activities in the Zimbabwean financial markets and financial institutions (Du Plessis and Lyon, 2005, pp. 107–157; Chitimira and Lawack, 2012, pp. 548–565).…”