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Insider Trading
Source: Encyclopedia of Banking & Finance (9h Edition) by Charles
J Woelfel
(We recommend this as work of authority and you can order
it here)
Trading in
securities of a company by one who has special information not available
to the general public or stockholders concerning the company because of
his or her position with the company or with a person who holds such a
position. Many serious violations
of insider trading rules during the 1980s discredited major investment
houses and traders.
The
SEC requires that officers, directors, and stockholders owning more than
10% of a corporation whose securities are listed on a national securities
exchange must file monthly reports with the commission.
BIBLIOGRAPHY
A Year of Insider Trades.
Staff of The Insider's Chronicle,
1984.
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