As national securities markets rapidly become international markets, the idealized precept that federal securities laws are to create "a system providing equal access" to information for all investors, appears to falter. One cause of this breakdown is "insider trading." Traditionally prosecuted under the Securities Exchange Act of 1934,• illegal activities conducted through secret bank accounts outside U.S. borders and jurisdiction have posed a sobering challenge to prosecution of the inside trader.
Psutka, Stephen J.
"Dennis Levine, an exception or the Norm: Inside Trading and Foreign Bank Secrecy,"
Syracuse Journal of International Law and Commerce: Vol. 14
, Article 7.
Available at: http://surface.syr.edu/jilc/vol14/iss1/7