单词 | insider dealing |
释义 | insider dealinginsider dealingorinsider tradinginsider dealinginsider dealinginsider dealingthe making use of price-sensitive information that is unavailable to investors at large to the extent of dealing in company securities with the object of making a profit or avoiding a loss. Various offences now target the practice.insider dealingInsider Tradinginsider dealingorinsider tradingtransactions in FINANCIAL SECURITIES by persons having access to privileged (secret and confidential) information not yet available to the general investing public, and who in consequence stand to profit from exploiting this knowledge. For example, an employee of a merchant bank engaged in working out the financial details of a prospective TAKEOVER BID by a client firm for another company, might himself or through intermediaries buy shares in the target company prior to the public announcement of the bid.In the UK, the provisions relating to the criminal offence of insider dealing are now contained in Part V of the Criminal Justice Act 1993 which replaced the Company Securities (Insider Dealings) Act 1985. In addition, the directors and the company will be bound by the Stock Exchange Model Code. See STOCK MARKET. |
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