SIE: Insider Trading

Taken from our SIE Online Guide

Insider Trading

Insider trading occurs when someone trades securities using material, nonpublic information. “Material” in this context means information an investor would find relevant when making an investment decision. Material information has also been described as information that could affect the price of a security. It is unlawful for anyone who gains material, nonpublic information and knows it to be confidential to trade on such information. It is also unlawful for anyone to pass on inside information that is then traded on. Both the actions o

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