Analysis of Legal and Jurisprudential Bases of The 0ffenses Related to Inside Information in Securities Market

Capital market as a part of financial market in the economy depends on justly disclosure of information. According to the Securities Market Act, issuers are obligated to disclose important information to the market through the SEO and all kinds of investors, actually or potentially, may be informed equally for transactions. Those who are aware of this information because of their business and legal relationship, may transact in reliance on that information or disclose the information and commit an offense and have both criminal and civil liability. This article examines these acts and compares them with Figh and Sharia standards so we can conclude that some Islamic orders prohibit these kinds of behaviors.