The Cognizance to the Civil Damage in Insider Trading ——Studying from the View of Investor
The cognizance to the damage has significant meanings on the discussion of the civil liabilities to Insider Trading. Studying from the view of investor, the author believes that Insider Trading activities will only cause damages in terms of civil law to insider dealer's counterparts, though at the meantime, be likely to have effects on the interest of other investors, which neither have direct consequences nor are suitable for relief in terms of civil compensation in case of any minor relations in existence. The cause of damage lies in the insider dealer's illegal usage of insider information and dealing based on the subjective income rates varied from ordinary investors, which form the unequal treatment to different counterparties.