Buying and Selling Shares l Illegal to advertise unless a member of an SRO (e.g Broker), l Private company usually requires Board approval – Stamp Duty 0.5% l Public company: – Primary market: Floatation – Shares traded on a public exchange Listing: admitted to the Official List (UK: LSE) – Secondary market Settlement Illegal to use or divulge inside knowledge – Bull market: upward trend – Bear market: downward trend l Capital Gains Tax
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