insider trading

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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
References in periodicals archive ?
In any event, autocrats interested in profiting by inside trading are not likely to promote either the passage or the active enforcement of laws against insider trading.
Of those claims, 47% involved shareholder or investor issues, everything from takeover attempts to inside trading.
In a clip that is now viral, Kaptaan, conversing with a famous TV anchor, gives his own philosophy of what is right and wrong: so long as the inside trading was not benefitting Tareen, he had done no wrong.
The members of the committee were of the view that apparently it seemed that everything was done in accordance with the rules and procedures and there was no issue of inside trading, however, the committee deferred discussions to have some more input from SECP on the issue.
ISLAMABAD -- The Senate Committee on Finance, Revenue, Economic Affairs, Statistics and Privatization Tuesday decided to take up the issue of alleged planned manipulation and inside trading in Bank of Punjab during upcoming meeting, likely in the end of the month.
He has prosecuted a big number of Wall Street crooks for inside trading.
Futures traded moderately higher on the session but failed to take out Thursday's highs and ended with an inside trading session.
He has been hanging out with a gang who are involved in drugs and lots of underhand inside trading.
We don't want inside trading at City Hall any more.