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To: farkarooski who wrote (478)10/5/2000 7:50:10 PM
From: greggcap  Respond to of 612
 
What is "Insider Trading?"

"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. Insider trading violations may also include "tipping" such information, securities trading by the person "tipped" and securities trading by those who misappropriate such information. Examples of insider trading cases that have been brought by the Commission are cases against: corporate officers, directors, and employees who traded the corporation's securities after learning of significant, confidential corporate developments; friends, business associates, family members, and other "tippees" of such officers, directors, and employees, who traded the securities after receiving such information; employees of law, banking, brokerage and printing firms who were given such information in order to provide services to the corporation whose securities they traded; government employees who learned of such information because of their employment by the government; and other persons who misappropriated, and took advantage of, confidential information from their employers.
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.

From the SEC.



To: farkarooski who wrote (478)10/6/2000 3:10:56 AM
From: greggcap  Read Replies (1) | Respond to of 612
 
Dude, if it makes you feel any better, I was just going through my accounts and discovered I still own 500 shares of PCLN I bought to daytrade @ $26. I must have had a senior's moment because I really thought I had sold them.

gregg