the illegal buying and selling of securities by persons acting on privileged information.
- insider trader, noun
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use insider trading in a sentence
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.Sen. David Perdue Sold His Home to a Finance Industry Official Whose Organization Was Lobbying the Senate | by Robert Faturechi | December 10, 2020 | ProPublica
The reminders about insider trading issued by Amazon included a video sent to the company’s entire finance division.Former Amazon manager and her family charged with insider trading | Jeff | September 28, 2020 | Fortune
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.Confide Is the Best Way to Keep Your Dastardly Deeds Hidden—For Now | Daniel Gross | January 17, 2014 | THE DAILY BEAST
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.
Cultural definitions for insider trading
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.