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insider trading |
Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia, Hutchinson | 0.03 sec. |
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insider trading n. the use of confidential information about a business gained through employment in a company or a stock brokerage, to buy and/or sell stocks and bonds based on the private knowledge that the value will go up or down. The victims are the unsuspecting investing public. It is a crime under the Securities and Exchange Act, for which Ivan Boesky and others have been sentenced to prison for relatively short terms and only small fines, considering the percentage impact on their accumulated wealth. Joseph P. Kennedy, father of President John F. Kennedy, made much of his fortune in the 1920s by insider trading before it was a crime. When the Securities and Exchange Commission was created in the early days of the New Deal (1933), President Franklin D. Roosevelt appointed Kennedy to the Commission on the theory that it took an insider to catch insiders. (See: insider) insider trading noun criminality, disclosure of connidential information, illegal disclosure, illegal use, illegal use of secret information, illegality, impropriety, infraction, infringement, misappropriate nonpublic information and material, prohibited use of confidential information, SEC violation, use of restricted information, violation of law Associated concepts: Rule 10b-5, Securities Exchange Act How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Jesse Reynolds, program director of the Oakland-based Center for Genetics and Society, and a supporter of embryonic stem cell research, has said that the ``coronation'' of Klein ``may be the most overt case of cronyism and insider dealing in biomedicine yet. com/reports/c50334) has announced the addition of Insider Dealing and Money Laundering in the EU: Law and Regulation to their offering. There is massive corruption and insider dealing at outrageous costs to taxpayers. |
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