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insider trading and securities fraud enforcement act of 1988

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Financial Dictionary

Insider Trading and Securities Fraud Enforcement Act of 1988

The federal legislation that increased the potential liabilities associated with insider trading and other fraudulent activities. This act provides informers with cash awards, allows individuals who claim damages to file suit, and encourages companies to implement improved internal controls.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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