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insider trading
noun
- the illegal buying and selling of securities by persons acting on privileged information.
insider trading
- The unlawful practice of using information that comes from a source “inside” the business but is not available to the general public to trade on the stock market . This activity is prohibited by law and is policed by the Securities and Exchange Commission .
Notes
Other Words From
- insider trader noun
Word History and Origins
Origin of insider trading1
Example Sentences
It’s been implicated in abetting corruption in South Africa and Mongolia, accused of enabling oppression in Saudi Arabia, and suffered the embarrassment of a partner’s arrest as part of a massive insider trading scandal.
Although some suspicious trading activities have been widely condemned, the fact that no member of Congress has been prosecuted under the STOCK Act reveals the challenge in proving illegal insider trading by elected politicians.
Indeed, both senators from Georgia were investigated for potential insider trading, with the investigations being dropped by the Senate Ethics Committee.
Earlier this year, the Justice Department investigated him and other lawmakers for possible insider trading.
The reminders about insider trading issued by Amazon included a video sent to the company’s entire finance division.
On Friday, hedge fund trader Michael Steinberg was sentenced to 3.5 years in jail for his insider-trading conviction.
Meanwhile, in lower Manhattan, former SAC Capital manager Matthew Martoma is on trial for insider trading in drug-company stocks.
This one is also “the largest financial penalty in history for insider trading offenses.”
Cohen and SAC in March agreed to pay a $616 million fine to settle insider-trading charges.
On Monday, SAC agreed to pay a record $1.2 billion to resolve insider-trading charges.
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