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Insiders |
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Insiders These are directors and senior officers of a corporation-in effect, those who have access to inside information about a company. An insider also is someone who owns more than 10% of the voting shares of a company. |
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? Mentioned in | ? References in periodicals archive | |
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Insiders have enjoyed two years of lucrative stock sales, with $41 billion worth of insider sales to the public in 2004, a 40 percent increase from 2003, according to Thomson Financial. Probably the most surprising finding is that true inside information--the kind that tends to get insiders into trouble with the SEC--plays at most a minor role in the insider trading decisions of top executives. Yet during the last four decades the SEC has waged a campaign to maintain and expand the scope of the insider trading ban, perpetuating the myth that scores of insiders are secretly enriching themselves at the expense of the investing public. |
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Insiders
