insider trading
English
Noun
- (finance) The illegal buying or selling of securities of a publicly held company by a person who has privileged access to information concerning the company's financial condition or plans.
- 1942, "Back to Philadelphia," Time, 9 Feb:
- Wall Street wants repeal of the provisions for penalizing executives (and large stockholders) who trade in their company's securities. It claims that publicity on such "insider" trading is enough.
- 2003, Jake Ulick, "Insider trading: A primer ," CNNMoney.com, 5 Jun. (retrieved 25 Oct. 2008):
- The aim of insider trading law is simple: prohibit people from profiting from advance knowledge of a stock-moving event—be it a merger, an earnings warning or a soon-to-be-published news story.
- 1942, "Back to Philadelphia," Time, 9 Feb:
Synonyms
Related terms
- insider trade
Translations
trading of securities by a person who has privileged access to information
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