insider trading
Noun

insider trading (uncountable)

  1. (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, "[http://www.time.com/time/magazine/article/0,9171,777637,00.html 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.
Synonyms Related terms
  • insider trade
Translations
  • French: délit d'initié
  • Russian: торго́вля инса́йдерской информа́цией



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