Insider Dealing in Kuwait: A comparative study with United Kingdom and the United States

Insider dealing involves the use of information that is not disclosed to the public. Insider dealing has a long and controversial history with regard to securities laws, because some people believe that insider dealing should not be banned by law. However, nearly every country bans insider dealing, although it is done in different ways. This article considers insider dealing as an example of fraud on the stock exchange. It examines protection of individual investors form insider dealing under the Kuwait Capital Markets Act of 2010 (the Act) and suggests recommendations that have the potential to provide more protection to such investors. In order to achieve this aim, this article discusses the existing legal framework for the regulation of insider dealing in the Kuwait and the UK stock markets. It also looks at American law, because the United States has a long history and extensive experience in this regard.