자본시장법상 미공개중요정보의 이용주체

다국어 초록 (Multilingual Abstract)

In Korea, the Capital Market and Financial Investment Business Act(hereinafter referred to such as “the Capital Market Act”) has enacted on February 4th, 2007. The purpose of the Capital Market Act is to contribute to the development of the national economy by achieving wide and orderly circulation of securities and by protecting investors through the fair issuance, purchase, sale or other transactions of securities.
The article 174(1) of the Capital Market Act provides that any person who is informed of material nonpublic information in relation with affairs, etc. of a listed corporation (including corporations listed within six months) in the course of performing their duties, from among those who fall under any of the following subparagraphs (including those for whom one year has not passed after they do not to fall under any of subparagraphs of this paragraph), and those who are informed of such information from that person, shall not use or have another person use such information in connection with the sale and purchase or any other transaction of securities issued by the corporation concerned.
The article 174(1) of the Capital Market Act is violated when a corporate insider(such as a director, officer, controlling shareholder, etc.) trades the securities of the corporation while in possession of material nonpublic information. The corporate insiders who obtain confidential information by reason of their position with the corporation and in the course of performing their duties to the corporation may not take unfair advantage of uninformed shareholders. Corporation insiders are therefore under a duty to either disclose all material nonpublic information or to abstain from trading in the securities of their corporation.
In this paper, I have investigated the concept and scope of the user (including insider(such as a director, officer, controlling shareholder, etc.), quasi-insider and tippee) of material nonpublic information of a listed corporation and the legal problems of the article 174(1) of the Capital Market Act. And I have suggested the settlement methods of the problems of insider trading regulation under the Capital Market Act in comparison with the Securities and Exchange Act of Korea and SEA Section 10(b) and SEC Rule 10b-5 in U.S.A..

목차 (Table of Contents)

• Ⅰ. 서설
• Ⅱ. 미공개중요정보
• Ⅲ. 정보의 이용주체
• Ⅳ. 결론
• 참고문헌
• Abstract

참고문헌 (Reference)

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