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	Insider trading - Wikipedia, the free encyclopedia
		Illegal insider trading in the US requires the participation (perhaps indirectly) of a corporate insider or other person who is violating his fiduciary duty to corporate shareholders by trading on or secretly relaying the corporation's information.
		Insider trading is usually performed by the already wealthy, who can afford the best lawyers available and have the resources to drag a case out and cost the prosecutors millions along the way.
		Insider trading can make markets more efficient by increasing the amount of information that is known about the company, and can motivate outsiders such as analysts to increase their knowledge about the company.
	en.wikipedia.org /wiki/Insider_trading (1860 words)

	INSIDER TRADING
		Insider trading is thus a prime example of the need to distinguish between the ethical and the legal: it is important to identify exactly what is wrong, so that appropriate action can be taken and legislation can be properly judged.
		The immorality of insider trading is that information which belongs to the corporation (and thus ultimately to the shareholders), and which should in a business corporation be used to promote owner value, is instead misappropriated for the insiders' own interests.
		Trading on information obtained by virtue of conscientious observation and analysis, or assiduous investigation, must be distinguished from trading on information acquired through a breach of confidence or theft.
	www.gbcnv.edu /~tenney/Sternberg.htm (3016 words)

	Division of Enforcement: Insider Trading
		Insider trading violations may also include "tipping" such information, securities trading by the person "tipped" and securities trading by those who misappropriate such information.
		Because insider trading undermines investor confidence in the fairness and integrity of the securities markets, the Commission has treated the detection and prosecution of insider trading violations as one of its enforcement priorities.
		Insider trading may result in enforcement action by the Commission or in criminal prosecution by the Department of Justice.
	www.sec.gov /divisions/enforce/insider.htm (1567 words)

	Insider Trading
		Insider trading can occur when a person who possesses material non- public information trades securities or communicates such information to others who trade.
		The most common examples of insider trading involve corporate officers and directors; they owe a duty either not to trade the securities of their own company or not to disclose any material non-public information they possess.
		Trading is also prohibited when a person who receives information through a confidential relationship uses ("misappropriates") the information for his or her own trading or tips to others.
	www.lectlaw.com /files/inv07.htm (502 words)

	Insider Trading
		Illegal insider trading refers generally to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security.
		Because insider trading undermines investor confidence in the fairness and integrity of the securities markets, the SEC has treated the detection and prosecution of insider trading violations as one of its enforcement priorities.
		The rule permits persons to trade in certain specified circumstances where it is clear that the information they are aware of is not a factor in the decision to trade, such as pursuant to a pre-existing plan, contract, or instruction that was made in good faith.
	www.sec.gov /answers/insider.htm (451 words)

	TCS Daily - Why Regulate Insider Trading? (Site not responding. Last check: 2007-11-06)
		Absent insider trading or leaks, the stocks price will remain at fifty dollars until the information is publicly disclosed and then rapidly rise to the correct price of sixty dollars.
		As such, the insiders trading returns are based, not on the value of his contribution to the corporation, but on his wealth.
		In effect, the federal insider trading prohibition vests a property right of the latter type in the party to whom the insider trader owes a fiduciary duty to refrain from self-dealing in confidential information.
	www.techcentralstation.com /090804H.html (1908 words)

	Defining Illegal Insider Trading
		Under Rule 10b5-1, the SEC defines insider trading as any securities transaction made when the person behind the trade is aware of nonpublic material information, and is hence violating his or her duty to maintain confidentiality of such knowledge.
		If a person is an insider, he or she is expected to maintain a fiduciary duty to the company and to the shareholders and is obligated to retain in confidence the possession of the nonpublic material information.
		A person is liable of insider trading when he or she has acted on privileged knowledge in the attempt to make a profit.
	www.investopedia.com /articles/03/100803.asp (1011 words)

	Insider Trading, by David D. Haddock: The Concise Encyclopedia of Economics: Library of Economics and Liberty
		Related to this argument is the harm that insider trading causes for "specialists." A specialist is someone whom the stock exchange appoints to ensure that a buyer of a particular security listed by the exchange can readily find a seller, and vice versa.
		Even if insider trading sometimes creates more harm than good, rules against it could be contractual (e.g., "employees of our company who trade on material, nonpublic information forfeit their pension rights") rather than mandated by government.
		A peculiar feature of insider trading law is that informed trading is treated more leniently if the trader is such a "quasi insider" (often a market professional who holds a seat on an organized securities exchange) than if the trader is a true insider.
	www.econlib.org /library/Enc/InsiderTrading.html (2129 words)

	ProfessorBainbridge.com: Does Howard Dean have an Insider Trading Problem? (Site not responding. Last check: 2007-11-06)
		Trading by a government official in possession of material nonpublic information potentially is an insider trading violation.
		Classic insider trading occurs when an insider or other fiduciary trades in the stock of the company to whom he owes fiduciary duties.
		Examples of insider trading cases that have been brought by the SEC are cases against:...
	www.professorbainbridge.com /2004/01/does_howard_dea.html (1635 words)

	Monitor Insider Stock Trading, Track Insider Buying and Selling
		Illegal insider trading refers generally to insider buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security.
		However, insider buying and selling activity is a good starting point to further investigate a company, either by analyzing the fundamental data of the company or by studying other insider trading related matters such as the stock trading history of the insider, the type of insider (officer or beneficiary owner) etc.
		Insider Transactions Reports Index is an index to all daily insider stock purchase reports of the last few months.
	www.insider-monitor.com (541 words)

	Uncovering Insider Trading
		Illegal insider trading is the buying or selling of a security by insiders who possess material that is still not public.
		Insiders legally buy and sell stock in their own company all of the time; their trading is restricted and illegal only at certain times and under certain conditions.
		Insiders are required to report their insider transactions within two business days of the date the transaction occurred (before the 2002 Sarbanes-Oxley Act it used to be the tenth day of the following month).
	www.investopedia.com /articles/02/061202.asp (1075 words)

	Insider Trading
		The insider trading laws are its intellectual corollary; if government can take control of the physical creations of your body, it is no great stretch to expect it will take control the intellectual results of your mind, i.e., knowledge.
		The result is the socialist corruption of the free market known as "insider" trading.
		But worse than being a victim-less crime, "insider trading" is a crime that has never been defined in law.
	www.capitalism.org /faq/insider_trading.htm (838 words)

	Insider Trading (Site not responding. Last check: 2007-11-06)
		Insider Trading reveals the number of net purchases by insiders (that is, the number of insiders' purchases minus the number of insiders' sales totaled over a 3-month period.
		Insider Trading Changes measure the net change in insider trading for the last 3 months, 6 months, or 12 months.
		The units are in the actual number of trades, not the number of shares traded.
	ntweb.wallstreetcity.com /help/new/insidert.htm (184 words)

	Insider Trading
		Insider trading has a negative connotation in investment circles, but it can also be a sign of a strong stock and company.
		Martha Stewart has been in the news for her dealings with a particular trade and receiving a tip on when to sell.
		However, not all insider activity is illegal--and when monitored correctly it can actually help an investor.
	www.value-discovery.com /Insider-Trading.htm (321 words)

	9/11 Insider Trading
		In the case of at least one of these trades -- which has left a $2.5 million prize unclaimed -- the firm used to place the “put options” on United Airlines stock was, until 1998, managed by the man who is now in the number three Executive Director position at the Central Intelligence Agency.
		It is well documented that the CIA has long monitored such trades – in real time – as potential warnings of terrorist attacks and other economic moves contrary to U.S. interests.
		When trading resumed, Merrill’s shares fell from $46.88 to $41.50; assuming that 11,000 option contracts were bought by “insiders,” their profit would have been about $5.5 million.
	www.hereinreality.com /insidertrading.html (1762 words)

	SSRN-Insider Trading: An Overview by Stephen Bainbridge
		Insider trading is one of the most controversial aspects of securities regulation, even among the law and economics community.
		Deregulatory arguments are typically premised on the claims that insider trading promotes market efficiency or that assigning the property right to inside information to managers is an efficient compensation scheme.
		The argument in favor of regulating insider trading traditionally was based on fairness issues, which predictably have had little traction in the law and economics community.
	papers.ssrn.com /sol3/papers.cfm?abstract_id=132529 (292 words)

	Insider Trading
		As such, if many of these corporate insiders are buying large blocks of shares in their own company on the open market, then that could serve as a positive signal that they believe their stock is undervalued.
		By contrast, insiders that are not employees of the firm (such as institutional owners) merely have access to the same data that is available to the public.
		With this in mind, the insider trading activity at a micro-cap firm can be quite useful in predicting the future direction of both the company and its share price.
	www.streetauthority.com /cmnts/jd/2005/05-08.asp (2532 words)

	Insider Trading, Trade, Real-Time Insider Buying, Insider Buy, Value Investing, Stock Strategies (Site not responding. Last check: 2007-11-06)
		It is widely known that insider transactions provide a great opportunity for investors to sense insiders' views of the performance or prospects of the company.
		Corporate insiders tend to have information or knowledge of the company that is not accessible to the public.
		It is almost impossible for individual investors to manually search and monitor insider trading activities given the tremendous amount and the complex format of the data.
	www.insiderinvest.com (1244 words)

	School Work on Insider trading
		In order to understand the theory of insider trading by inside information, we will go through four different stages (1) discussing the kind of information (2) discussing the relationship between insiders’ trading and the subsequent announcement of financial and accounting results (3) discussing the methodology of insiders’ trading (4) evaluating the results of the analysis.
		Insider trading is the trading of a security of a company by an insider, a person who knows information that is not accessible or available to the public in the market.
		Illegal trading occurs when the insider violates the relationship of trust and confidence to the market by the virtue of insider trading.
	www.123schoolwork.com /show_essay/244393.html (213 words)

	Centre for Research on Globalisation (CRG)
		Jonathan Winer, an ABC News Consultant said "it's absolutely unprecedented to see cases of insider trading covering the entire world from Japan to the US to North America to Europe." [World News Tonight, Sept. 20, 2001] Investigators were soon hot on the trail on a matter of obvious national security to many nations.
		The unresolved crime of 9-11 insider trading is a dark cloud that hangs over this administration and its prosecution of the 'war on terrorism.' What is worse is that those who profited remain free to use those profits of death to finance their next attack.
		The insiders, possibly the masterminds behind the suicide attacks, have walked away with huge profits for their sophisticated pre-attack trading; estimated by some to be in the billions of dollars.
	www.globalresearch.ca /articles/HEN204B.html (2714 words)

	Insider Trading
		Martha was found guilty of insider trading for acting on negative information that her broker gave her as a heads up on a stock she was holding before the public knew about it.
		I will start with a normal example of which there are many, and the second example will be the biggest example of insider trading that I have ever seen.
		The biggest example of insider trading that ever took place ever occurred on the date of September 11th 2001 and the effects of which continue until today.
	www.rense.com /general50/INSI.HTM (624 words)

	Insider Trading
		Insiders must file a variety of forms to trade company shares.
		Although Form 4 is the vehicle for an insider to sell unrestricted shares, Form 144 is necessary for insiders to declare their intention to sell restricted stock.
		While insider trading is considered long-term in nature, it remains a positive input to shorter-term strategies.
	www.pro-fundity.com /archedits/032400b.html (1520 words)

	Profit from Insider Trading (Site not responding. Last check: 2007-11-06)
		Insider Trading behavior matters because research based on real-time signals has shown that a properly modeled picture of insider actions can provide the most accurate reflection of the prospects for the company, industry, economic sector, or even the stock market in general, going forward.
		Corporate insiders possess all the necessary skills and characteristics that one could use to describe the "successful" investor.
		Since insiders have exclusive information on the company performance, if they are risking their own money on the stock, usually they should have good reasons, especially when several insiders buy the stock at the same time.
	www.insidercow.com (163 words)

	CRG -- Suppressed Details of Criminal Insider Trading lead directly into the CIA`s Highest Ranks: CIA Executive ...
		It is well documented that the CIA has long monitored such trades - in real time - as potential warnings of terrorist attacks and other economic moves contrary to U.S. interests.
		European regulators are examining trades in Germany's Munich Re, Switzerland's Swiss Re, and AXA of France, all major reinsurers with exposure to the Black Tuesday disaster.
		October series options for UAL Corp. were purchased in highly unusual volumes three trading days before the terrorist attacks for a total outlay of $2,070; investors bought the option contracts, each representing 100 shares, for 90 cents each.
	globalresearch.ca /articles/RUP110A.html (1629 words)

	Amazon.com: Securities Law: Insider Trading (Turning Point Series): Books: Stephen M. Bainbridge (Site not responding. Last check: 2007-11-06)
		Insider trading is one of the most common violations of the federal securities laws.
		To be sure, the modern federal insider trading prohibition proscribes a corporation's officers and directors from trading on the basis of material nonpublic information about their firm, but it also casts a far broader net.
		Although virtually no one seriously believes that the federal insider trading prohibition is likely to be repealed any time soon, the academic policy debate nevertheless rewards study.
	www.amazon.com /exec/obidos/tg/detail/-/1566627370?v=glance (700 words)

	Insider Forex Trading (Site not responding. Last check: 2007-11-06)
		Global Forex Trading - 20 hours agoThe dollar collapsed against the euro, as the ECB hiked rates by 25 basis points to 2.5 percent and Germany posted strong retail sales.
		Trading in the session ahead is expected to be quiet, with the US market closed in observance of Presidents Day holiday.
		Futures and Forex trading involves substantial risk of loss and is not suitable for all investors.
	www.insiderforextrading.com /blog (9182 words)

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