Jul 16, 2017

[Ans] Which celebrity was sentenced to prison for lying about insider trading activities?


Step 1 : Introduction to the question "Which celebrity was sentenced to prison for lying about insider trading activities?"



Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) by individuals with access to nonpublic information about the company. In various countries, some kinds of trading based on insider information is illegal.



Step 2 : Answer to the question "Which celebrity was sentenced to prison for lying about insider trading activities?"



In 2004, Stewart was convicted of charges related to the ImClone stock trading case. There was speculation that the incident would effectively end her media empire, although Stewart began a comeback campaign in 2005[5] and her company returned to profitability in 2006.


Step 3 : Other interesting facts related to the question "Which celebrity was sentenced to prison for lying about insider trading activities?"



The rules governing insider trading are complex and vary significantly from country to country. The extent of enforcement also varies from one country to another. The definition of insider in one jurisdiction can be broad, and may cover not only insiders themselves but also any persons related to them, such as brokers, associates and even family members. A person who becomes aware of non-public information and trades on that basis may be guilty. Next Step : We care our friends, so we share answers. If you care Share/comment this post.