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in·sid·er n: a person who is in a position of power or has access to confidential information: asa: one (as an officer, director, employee, relative, or owner of more than 10% of the corporation's stock) who is in a position to have special knowledge of the affairs of or to influence the decisions of a companyb: an individual (as a relative or an influential party) or entity (as a corporate affiliate) having a close relationship with a debtor such that transactions are not made at arm's length and are subject to closer scrutiny than the transactions of those dealing at arm's length
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
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n.In securities and corporations, someone who has access to information about a business that is not available to the general public, such as corporate directors, officers, and major stockholders; insiders are not allowed to buy and sell stocks in such a way as to take advantage of their privileged position and use it for personal gain.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
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Someone who has a position in a business or stock brokerage, which allows him or her privy to confidential information (such as future changes in management, upcoming profit and loss reports, secret sales figures, and merger negotiations) which will affect the value of stocks or bonds. Use of such confidential information unavailable to the investing public in order to profit through sale or purchase of stocks or bonds is unethical and a crime under the Securities and Exchange Act.Category: Business, LLCs & CorporationsCategory: Criminal LawCategory: Personal Finance & RetirementCategory: Small Claims Court & Lawsuits
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
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This term has a different meaning depending on the context in which it is used:• For the purposes of the criminal insider dealing regime under the Criminal Justice Act 1993, a person who holds inside information which the individual knows is inside information and it was acquired knowingly from an inside source.• For the purposes of the Financial Services and Markets Act 2000 (including the market abuse regime), any person who has inside information:• As a result of his membership of an administrative, management or supervisory body of an issuer of qualifying investments;• As a result of his holding in the capital of an issuer of qualifying investments;• As a result of having access to the information through the exercise of his employment, profession or duties;• As a result of his criminal activities;• Which he has obtained by other means and which he knows or could reasonably be expected to know is inside information (section 118B, FSMA).
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
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In the context of federal regulation of the purchase and sale of securities, anyone who has knowledge of facts not available to the general public.
Dictionary from West's Encyclopedia of American Law. 2005.
- insider
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In the context of federal regulation of the purchase and sale of securities, anyone who has knowledge of facts not available to the general public.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
- insider
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n.someone who has a position in a business or stock brokerage, which allows him/her to be privy to confidential information (such as future changes in management, upcoming profit and loss reports, secret sales figures and merger negotiations) which will affect the value of stocks or bonds. While there is nothing wrong with being an insider, use of the confidential information unavailable to the investing public in order to profit through sale or purchase of stocks or bonds is unethical and a crime under the Securities and Exchange Act.See also: insider trading
Law dictionary. EdwART. 2013.
