One of the problems that the JSE faced and the solution to the problem can be found in the journal of Chitimira

One of the problems that the JSE faced and the solution to the problem can be found in the journal of Chitimira, H. (January 01, 2014) which said there was a high degree of market abuse at around the is a case in point. In SA, the Securities Services Act4, Insider Trading Sanctions Act of 1984 and the Insider Trading and Securities Fraud Enforcement Act were put in place to combat and reduce market abuse. Chitimira, H. provides an overview analysis of the effectiveness of regulatory framework of market abuse and investigates whether the regulatory framework has enhanced market integrity and public investor confidence in the SA markets by checking if the relevant legislations are being correctly exercised. This journal further discussed more ways in which market abuse can be improved. The forms of market abuse are insider trading, trade-based market manipulation and disclosure-based market manipulation, which are prohibited SA. Conclusion is that further efforts must be put in to fight market manipulation in south Africa
In 2014 again, Chitimira, H. analysed market abuse under the Financial Markets Act 19 of 2012 to investigate the effectiveness of the regulation in the fighting of market-abuse practices in South Africa. He provides an overall analysis of the market abuse offences as well as the punishment and other anti-market abuse-enforcement means which are employed under the Financial Markets. The study also gives an analysis to find the extent to which the regulatory framework has been
Chitimira, H. published another journal in 2014 with an objective of providing overall analyse of the difficulties faced in the current anti-market abuse-enforcement framework in relation to some selected specific aspects of the financial markets in SA. It was done to shed light to stakeholders about the available legislations and to determine whether legislations were effective in fulfilling. Lastly, the adequacy of the enforcement framework will be examined in relation to accounting standards
Chitimira, H. (January 01, 2015). Financial market manipulation did not only occur in SA but it’s something that happens globally. Australia faced market abuse in the past and has now also established a regulatory framework to mitigate or combat these unlawful practices, the article looks at the history of Australia in terms of market abuse practices and highlights available penalties and remedies for it. Lastly, possible recommendations and significant Australian anti-market abuse enforcement approaches that may also be used in South Africa and were stated. Gaps still exist in the combating of market manipulation although SA has made some progress through implementation of legislations


I'm Delia!

Would you like to get a custom essay? How about receiving a customized one?

Check it out