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52 Arthur Levitt, A Question of Investor Integrity: Promoting Investor Confidence by Fighting Insider Trading, Address Before the "SEC Speaks" Conference, February 27, 1998.

53 EC Directive, Art. 13.

54 Louden Clear, Financial Times (London), May 20, 1998, at 13.

55BolsWessanen Insider Trading Case Today, Suspects Allegedly Made 700,000 nfl, AFX News, June 2, 1998.

56BolsWessanen Insider Dealing Charges Dismissed, AFX News, July 17, 1998.

57Id.

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