insider trading

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insider trading,

stock market transactions made with knowledge of nonpublic information about corporate activity. In the United States, it has been illegal since 1934. The Securities and Exchange CommissionSecurities and Exchange Commission
(SEC), agency of the U.S. government created by the Securities Exchange Act of 1934 and charged with protecting the interests of the public and investors in connection with the public issuance and sale of corporate securities.
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 regards it as unfair to investors who are not privy to such information. Several insider trading scandals shook Wall Street in the mid-1980s.
References in periodicals archive ?
No doubt it is concerned, however, about the May 27 arrest of one of its members, Substitute Magistrate Julio Cesar Osuna, who is accused of inside dealings with drug traffickers.
It gave the impression we had inside dealings with gangs.
Clearly, coming into the top job at a firm where you've never worked, with limited knowledge of the inside dealings, is a challenge.