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LSDefine

Simple English definitions for legal terms

insider dealing

Read a random definition: Pension Benefit Guaranty Corporation

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.

inside information | insider information

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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