Insider

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Insider

In the context of federal regulation of the purchase and sale of Securities, anyone who has knowledge of facts not available to the general public.

Insider information refers to knowledge about the financial status of a company that is obtained before the public obtains it, and which is usually known only by corporate officials or other insiders. The use of insider information in the purchase and sale of stock violates federal securities law.

Insider trading entails the purchase and sale of corporate shares by officers, directors, and stockholders who own more than 10 percent of the stock of a corporation listed on a national exchange (any association that provides facilities for the purchase and sale of securities, such as the New York Stock Exchange). Insider reports detailing such transactions must be submitted monthly to the Securities and Exchange Commission.

insider

n. someone who has a position in a business or stock brokerage, which allows him/her privy to confidential information (such as future changes in management, upcoming profit and loss reports, secret sales figures, and merger negotiations) which will affect the value of stocks or bonds. While there is nothing wrong with being an insider, use of the confidential information unavailable to the investing public in order to profit through sale or purchase of stocks or bonds is unethical and a crime under the Securities and Exchange Act. (See: insider trading)

See: bystander, member
References in periodicals archive ?
Insiders will gather for a members-only networking cocktail set up in their honor at every conference.
and therefore must file similarly to a company insider, reported a big buy between November 20th and November 23rd.
Competing against corporate insiders, who possess superior information, thus increases the risk that one loses.
The media often depict the perpetrators, the insiders, as cutthroat, manipulative, greedy individuals.
There are horror stories in which taxpayers exercised options in a high-flying stock and failed to sell the stock before the price dropped, due to Securities and Exchange Commission (SEC) and/or corporate insider trading restrictions.
Anyone following the business press over the recent months has been inundated with reports about illegal insider trading by top executives.
Martha Stewart had no fiduciary obligation to anyone, and no one had ever been charged before with insider trading because his broker tipped him to another customer's sales.
If the Insiders succeed, their already-developing global government would become the most powerful force on Earth.
In general, insider trading occurs when a person has "material, nonpublic information" about a security or its issuer and buys or sells that security.
A smart insider would never take the role once he figured Out the motivation for his promotion.
Insider knows better than to wear his ambition on his sleeve, like Padilla has.
Insiders will frequently exercise options and then sell the acquired shares.