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LSDefine

Simple English definitions for legal terms

insider dealing

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A quick definition of insider dealing:

Insider dealing, also known as insider trading, is when someone uses secret information that they have about a company to buy or sell its shares. This is not allowed because it is unfair to other people who don't have this information. It is especially wrong if the person who has the secret information is someone who works for the company or has a special duty to keep the information secret. People who are caught doing insider dealing can be punished with fines or even go to jail.

A more thorough explanation:

Insider dealing, also known as insider trading, is the use of confidential information by a corporate insider or someone who owes a fiduciary duty to a company to trade its shares. This information is not available to the public and can give the insider an unfair advantage in the market.

For example, if a CEO of a company learns that the company is about to announce a merger, and they buy shares in the company before the announcement, it would be considered insider dealing. Similarly, if a lawyer learns about a company's confidential information from a client and uses it to trade the company's shares, it would also be considered insider dealing.

Insider dealing is illegal and can result in severe penalties, including monetary fines and imprisonment. The Securities and Exchange Commission (SEC) can order the insider to return any profits made from the illegal trading and may also impose a penalty of up to three times the profit gained or loss avoided.

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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