16:02
does anyone ever think about how we have no idea who everyone else here is? like you guys dont know me at all thats so crazy cause i talked to you more than ppl irl today
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LSDefine
Simple English definitions for legal terms
tippee
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A quick definition of tippee:
Term: TIPPEE
Definition: A tippee is someone who gets important information about a company from someone who is supposed to keep that information secret. This person might be in trouble if they use that information to make money.
A more thorough explanation:
Definition: A tippee is a person who receives material nonpublic information from someone who has a fiduciary relationship with the company to which that information pertains.
Example: John works for a company that is about to release a new product. He tells his friend, Sarah, about the product before it is publicly announced. Sarah buys stock in the company based on this information. Sarah is considered a tippee because she received material nonpublic information from John, who had a fiduciary relationship with the company.
Explanation: The example illustrates how a tippee can receive information that is not available to the public and use it to make investment decisions. This is illegal because it gives the tippee an unfair advantage over other investors who do not have access to the same information. The Securities and Exchange Commission (SEC) enforces laws against insider trading to prevent this type of unfair advantage.