View synonyms for insider trading

insider trading

noun

the illegal buying and selling of securities by persons acting on privileged information.

insider trading

The unlawful practice of using information that comes from a source “inside” the business but is not available to the general public to trade on the stock market . This activity is prohibited by law and is policed by the Securities and Exchange Commission .

In the mid-1980s, several revelations of insider trading rocked Wall Street .

First recorded in 1965–70

On Friday, hedge fund trader Michael Steinberg was sentenced to 3.5 years in jail for his insider-trading conviction.

Meanwhile, in lower Manhattan, former SAC Capital manager Matthew Martoma is on trial for insider trading in drug-company stocks.

This one is also “the largest financial penalty in history for insider trading offenses.”

Cohen and SAC in March agreed to pay a $616 million fine to settle insider-trading charges.

On Monday, SAC agreed to pay a record $1.2 billion to resolve insider-trading charges.

April 24, 2024gallimaufry

[gal-uh-maw-free ]

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