Module 16 2024

23/10/2024

Penalties (cont.)

Criminal sanctions ● Strict criminal liability ● Vicarious liability ● Misdemeanor or felony

– Up to a $1,000 fine and one year imprisonment for the first offence, if unintentional – Up to $10,000 and three years imprisonment for subsequent offences, or for intentional offences ● U.S. and non-U.S. residents

● C.R. Bard

● Debarment

The Organisation for Professionals in Regulatory Affairs

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Communication by Listed Companies

A listed company must ● Disclose “inside information” that concerns it as soon as possible ● Communicate in a way that avoids creation or continuance of false markets

Cannot mislead investors

Insider trading concerns where information is not disclosed

The Organisation for Professionals in Regulatory Affairs

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