Map of London Tourist on Also, many of these countries define insider trading, not on the basis of fiduciary duty, but on the basis of access to information. In general, those who have unequal access to the material nonpublic information are prohibited from trading on the basis of that information, regardless of whether they have a fiduciary duty or not. Thus, even tippees who receive information from insiders or others who have privileged access to such information, are liable under this principle. Over 80 countries have laws in place to regulate insider trading. However, the pace of enforcement of these laws varies widely across countries, with fewer than 40 countries having seen any proceedings under such regulations. BIBLIOGRAPHY. Thomas C. Map of London Tourist 2016.
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