Insider Dealing |
| Normally illegal share dealings by employees of a company where they have used confidential price-sensitive information for their own gain or the gain of their associates. The inside dealer does not have to work for the company for his dealing to be an offence. So a stockbroker, or merchant banker, who knows about an impending takeover offer who buys shares in the target company with the intention of making a profit, is guilty. If he gets a friend to buy the shares, he is still guilty. |
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