insider trading
insider trading
in′sider trad′ing
n.
| Noun | 1. | insider trading - buying or selling corporate stock by a corporate officer or other insider on the basis of information that has not been made public and is supposed to remain confidential |
| 单词 | insider trading | |||
| 释义 | insider tradinginsider tradingin′sider trad′ingn.
insider tradinginsider trading,stock market transactions made with knowledge of nonpublic information about corporate activity. In the United States, it has been illegal since 1934. The Securities and Exchange CommissionSecurities and Exchange Commission(SEC), agency of the U.S. government created by the Securities Exchange Act of 1934 and charged with protecting the interests of the public and investors in connection with the public issuance and sale of corporate securities. ..... Click the link for more information. regards it as unfair to investors who are not privy to such information. Several insider trading scandals shook Wall Street in the mid-1980s. insider tradinginsider tradingn. 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 tradingInsider tradingInsider Tradinginsider tradingInsider trading.If managers of a publicly held company, members of its board of directors, or anyone who holds more than 10% of the company trades its shares, it's considered insider trading. This type of trading is perfectly legal, provided it's based on information available to the public. It's only illegal if the decision is based on knowledge of corporate developments, such as executive changes, earnings reports, or acquisitions or takeovers that haven't yet been made public. It is also illegal for people who are not part of the company, but who gain access to private corporate information, to trade the company's stock based on this inside information. The list includes lawyers, investment bankers, journalists, or relatives of company officials. insider dealingorinsider tradingtransactions in FINANCIAL SECURITIES by persons having access to privileged (secret and confidential) information not yet available to the general investing public, and who in consequence stand to profit from exploiting this knowledge. For example, an employee of a merchant bank engaged in working out the financial details of a prospective TAKEOVER BID by a client firm for another company, might himself or through intermediaries buy shares in the target company prior to the public announcement of the bid.In the UK, the provisions relating to the criminal offence of insider dealing are now contained in Part V of the Criminal Justice Act 1993 which replaced the Company Securities (Insider Dealings) Act 1985. In addition, the directors and the company will be bound by the Stock Exchange Model Code. See STOCK MARKET. insider tradingany transactions in securities such as STOCKS and SHARES by persons having access to privileged (confidential) information not as yet available to the general investing public, and who in consequence stand to gain financially from this knowledge. For example, a person who is employed by a merchant bank and is involved in working out details of a prospective TAKEOVER by a client firm of another firm may himself or through other people arrange to purchase shares in the target firm prior to the public announcement of the takeover. See CITY CODE.insider trading
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