insider dealing

(redirected from insider trader)
Also found in: Dictionary, Financial.

insider dealing

the making use of price-sensitive information that is unavailable to investors at large to the extent of dealing in company securities with the object of making a profit or avoiding a loss. Various offences now target the practice.
References in periodicals archive ?
Insider traders themselves, meanwhile, should also keep in mind that even if everyone else is doing it, it doesn't make it right.
Section 20A provides a private cause of action for those who trade contemporaneously with an insider trader. Section 21A provides the SEC with the authority to seek a civil penalty against insider traders.
amendments Insider Trading ITSA allows the SEC to be a plaintiff in civil Sanctions Act of cases against an insider trader. It imposes 1984 treble damages against anyone found to have tipped or traded based on material non-public information.
For one thing, the remedy does not match the wrong: the civil penalty for violating Rule 10b-5 is based on the trader's profits, or losses avoided,(220) and persons who traded in the market during the same time period as the insider trader may recover the trader's profits.(221) The "defrauded" party--the party whose information was misappropriated--does not have a private cause of action under the securities laws, and that party's damages are not considered in the civil penalties under the 1934 Act.(222) In fact, the owner of the information may have a state law cause of action against the trader,(223) but such an action would not implicate the securities laws because only buyers and sellers have the right to sue for securities act violations.(224)
After landing the plum job with leading training Henry Cecil, Kieren Fallon came down to earth when he was banned for two days for careless riding on Insider Trader in the big sprint.
From 1950, when Mayer began investigating the markets' ideological beginning, where it (stock exchange) is thought to "represent the moral side of capitalism, for stock exchanges can operate successfully only in an atmosphere of trust and openness;" to the undermining factors that provided the impetus of the insider trader scandals, Mayer steers the reader to understand how the SEC assisted in the markets' ruination.
It doesn't take much of an imagination to come up with the sorts of absurdly nonpunitive sentences Best Use would justify: an insider trader could be ordered to lecture business school classes on ethics; or an actor who sexually exploited a 16-year-old could be ordered to give a handful of antidrug talks to high school students; or - now stretching the imagination a bit - an upscale clothier guilty of tax evasion could be required to put on a fashion show to raise money for the city budget; or a rock-band manager who assisted in smuggling 19.5 tons of marijuana into the U.S.
And if the allegations made in a lawsuit are to be believed, one of its temporary residents, convicted insider trader Raj Rajaratnam, has been breaching those gates by wiring money to his fellow inmates in exchange for special treatment.
Summary: Infamous insider trader Raj Rajaratnam may have been convicted of conspiracy and securities fraud in 2011, but as the case of his younger ...
QI saw a news report this week saying that an insider trader had been forced to repay more than pounds 500,000.