10:51
I used to get called hispanic a lot, same for my mom
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LSDefine
Simple English definitions for legal terms
insider report
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A quick definition of insider report:
An insider report is a document that must be filed with the Securities and Exchange Commission (SEC) when more than 10% of a company's stock is traded. It is a monthly report that provides information about the company's stock trading activities by insiders, such as executives and directors. The purpose of the report is to ensure transparency and prevent insider trading, which is when insiders use their knowledge of the company to make trades that benefit them at the expense of other investors.
A more thorough explanation:
An insider report is a monthly report that must be filed with the Securities and Exchange Commission (SEC) when more than 10% of a company's stock is traded. This report is filed by insiders of the company, such as executives or major shareholders, and it discloses information about their trading activity.
For example, if the CEO of a company buys or sells a significant amount of stock in the company, they must file an insider report with the SEC. This report will show the date of the transaction, the price of the stock, and the number of shares bought or sold.
The purpose of insider reports is to provide transparency and prevent insider trading, which is when insiders use their knowledge of a company to make trades that give them an unfair advantage over other investors.