insider trading

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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, "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 ,", 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.


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