Quick Answer: What Are Illegal Trades?

Illegal trade of species refers to ‘trade in specimens (any redily recognizable part or derivate thereof) of species included in Appendices I, II and III except in accordance with the provisions of the [CITES] Convention’ (Source: CITES, Art.

What animals are illegally traded?

Some examples of illegal wildlife trade are well known, such as poaching of elephants for ivory and tigers for their skins and bones. However, countless other species are similarly overexploited, from marine turtles to timber trees.

What is insider trading and when is it illegal?

According to the SEC (which is all that matters here), illegal insider trading “refers generally to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security.

Who gets in trouble for insider trading?

Partners in Crime

In insider trading that occurs as a result of information leaking outside of company walls, there is what is known as the “tipper” and the “tippee”. The tipper is the person who has broken his or her fiduciary duty when he or she has consciously revealed inside information.

What are some examples of insider trading?

Examples of insider trading that are legal include:

  • A CEO of a corporation buys 1,000 shares of stock in the corporation.
  • An employee of a corporation exercises his stock options and buys 500 shares of stock in the company that he works for.
  • A board member of a corporation buys 5,000 shares of stock in the corporation.

Which animal is most illegally traded animal in the world?

Pangolins

Is all wildlife trade illegal?

Some examples of illegal wildlife trade are well known, such as poaching of elephants for ivory and tigers for their skins and bones. However, countless other species are similarly overexploited, from marine turtles to timber trees. Not all wildlife trade is illegal.

Why is inside information illegal?

Obviously, the reason insider trading is illegal is because it gives the insider an unfair advantage in the market, puts the interests of the insider above those to whom he or she owes a fiduciary duty, and allows an insider to artificially influence the value of a company’s stocks.

Why do insiders sell stock?

Insiders sell their stock after a major decline in the stock’s price. This may mean that they don’t think their stock is ever going back up. Also when the overall amount of insider trading across the market is rising, it may indicate that the market in general may be about to reverse its course.

Is trading money illegal?

One of the common myths among nonprofessional traders of the Forex market is that Forex is banned in the United States of America. This is not true. In the US, Forex is not prohibited! But American laws do not prohibit citizens of this country to trade on the Forex market.