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 ?
Long notwithstanding, "the town" can hardly be satisfied with having to glean information about this murky affair through rumor and speculation in the press, nor with closed-door government that invites inside dealing and abuse.
Dera was witness to the inside dealings of the industry as it stood then.
And they love to talk and complain about what they believe are inside dealings going on at City Hall.