Arm's Length Transaction

  

No friends and family dealing here. It was a fair market deal. The handshake was done with a fully extended arm. no hugging. The term implies that there was nothing discounted or special about the terms of a given deal. It was ..."market."

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Finance: What are Insider Trading And th...11 Views

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Enforcement Act of 1988? all right well the Securities and Exchange Act of 1934

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aka the 34 Act made it formally illegal to use inside information in trading

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stocks amazingly that used to not be illegal or at least not explicitly so [People gambling]

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and it wasn't enforced investing was well a clubby white man's insiders gig

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and the boys took care of the boys well since people could make a lot of

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money with insider information and thought they wouldn't get caught like [Boy peeing at a urinal]

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merger in a Denny's washroom you know some folks pretty much ignored

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the law well the 1988 law was basically Congress saying you guys were really [Congressman discussing the 1988 law]

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serious about this so this new legislation added some hefty penalties

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if you get caught as an inside trader people still trade on insider

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bad...

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