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LSDefine

Simple English definitions for legal terms

insider trading

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A quick definition of insider trading:

Insider trading is when someone buys or sells a company's stocks using secret information that is not available to the public. This is not allowed because it is unfair to other people who want to buy or sell the stocks. People who work for the company, like bosses or important employees, are not allowed to use this secret information to make money for themselves. If they do, they can get in trouble with the law. The government watches for this kind of behavior and can punish people who break the rules.

A more thorough explanation:

Insider trading is when someone buys or sells a company's stocks using information that is not available to the public. This information is usually confidential or material non-public information that only people who work for the company or have access to the company's secrets know about. This is considered a breach of the individual's fiduciary duty.

For example, if a CEO of a company knows that the company is going to announce a big merger, they might buy a lot of the company's stock before the announcement is made. This is illegal because they are using information that is not available to the public to make a profit.

Insiders who "tip" their friends about material non-public information may also be liable for insider trading. For example, if a friend of the CEO knows about the merger and buys stock based on that information, they are also breaking the law.

The Securities and Exchange Commission (SEC) requires companies to report trading by corporate officers, directors, or other company members with significant access to privileged information. If someone is caught insider trading, they can face criminal charges and fines.

insider | insolvency

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HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
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