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BRIEFLY

October 08, 1987

A bill to make insider trading a criminal offense in Switzerland cleared the lower house of parliament by a vote of 110-3. The upper house passed similar legislation last October, and the measure now returns to it for ironing out minor differences between the two versions. The new law is expected to take effect next spring. The proposal calls for a prison sentence or fine for people who profit or help others gain from confidential information about stock transactions.

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