Comparative Study of Confidential Information Disclosure Impact on Stock Exchange Transactions (Information Disclosure Limit, Sanctions and Transaction Nullity)

Capital market or stock exchange has been considered in different countries of the world and many laws and incentives have been set out for its improvement and to motivate people to enter it. Meanwhile, people or companies need a sense of trust to enter this market. They want to be confident that they can easily invest their capital and that all the issues and information they use to make a profit will be confidential. The principle of confidentiality of information in the capital market has been examined in Iranian law regarding stock exchange. This paper aims to examine the impact of confidential information disclosure on transactions and also the measures and sanctions set out by the legislator in this regard.