d\u00e9lit d’initi\u00e9 est un terme utilis\u00e9 pour d\u00e9crire la r\u00e9alisation de transactions sur les titres d’une soci\u00e9t\u00e9 cot\u00e9e en bourse par des personnes ayant acc\u00e8s \u00e0 des informations privil\u00e9gi\u00e9es<\/a> sur cette soci\u00e9t\u00e9. Selon le pays, cette activit\u00e9 peut \u00eatre consid\u00e9r\u00e9e diff\u00e9remment dans les documents juridiques et peut m\u00eame \u00eatre p\u00e9nalis\u00e9e. <\/strong><\/p>\n\nLes d\u00e9lits d’initi\u00e9s sont-ils \u00e9quitables ?<\/h2>\n\n
Certains investisseurs estiment que ce type d’action peut\navoir un impact n\u00e9gatif sur l’\u00e9valuation de l’entreprise et donc sur la valeur ult\u00e9rieure de ses actions.\nPar cons\u00e9quent, il existe un diff\u00e9rend permanent sur la question de savoir qui pourrait avoir acc\u00e8s \u00e0 des informations classifi\u00e9es\nsur l’entreprise, qui pourraient ensuite \u00eatre utilis\u00e9es. Surtout,\nle d\u00e9lit d’initi\u00e9 donnerait \u00e0 ceux qui l’utilisent un tr\u00e8s grand avantage sur\nle march\u00e9 et est donc interdit. <\/p>\n\n
Quand peut-on parler de d\u00e9lit d’initi\u00e9 ?<\/h2>\n\n
Dans plusieurs pays, y compris, mais sans s’y limiter, la Pologne et les \u00c9tats-Unis,\npeut \u00eatre consid\u00e9r\u00e9 comme ill\u00e9gal d’agir de la sorte. Parmi les cons\u00e9quences juridiques\nqui s’appliquent en Pologne, citons une amende pouvant aller jusqu’\u00e0 5 millions de PLN\net une peine d’emprisonnement pouvant aller jusqu’\u00e0 5 ans. Ces sanctions s’appliquent aux personnes qui utilisent\ndes informations non divulgu\u00e9es sur une entreprise susceptible de modifier sa situation sur le march\u00e9 et\nde r\u00e9aliser ainsi un profit sur des titres. Cependant, il faut admettre\nque la preuve d’un d\u00e9lit d’initi\u00e9 est souvent tr\u00e8s difficile \u00e0 apporter. <\/p>\n\n
Cela a-t-il eu des cons\u00e9quences n\u00e9gatives dans le pass\u00e9 ?<\/h3>\n\n
Le d\u00e9lit d’initi\u00e9 est cit\u00e9 comme l’une des causes du grand krach\nqui a eu lieu dans les ann\u00e9es 1930 aux \u00c9tats-Unis, juste\n\u00e0 c\u00f4t\u00e9 de la manipulation du march\u00e9 et du manque de divulgation d’informations qui \u00e9taient g\u00e9n\u00e9ralement\ndisponibles.<\/p>\n\n
Les d\u00e9lits d’initi\u00e9s sont-ils possibles en Pologne ?<\/h3>\n\n
Bien que la loi impose une grande rigueur dans ce cas, si\nl’information d’initi\u00e9 n’est pas utilis\u00e9e avant sa publication officielle\net n’affecte pas le prix des titres, elle peut\n\u00eatre utilis\u00e9e pour r\u00e9aliser un profit.<\/p>\n","protected":false},"excerpt":{"rendered":"
Qu’est-ce qu’un délit d’initié ? Le délit d’initié est un terme utilisé pour décrire la réalisation de transactions sur les titres d’une société cotée en bourse par des personnes ayant accès à des informations privilégiées sur cette société. 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