Closed-Market Transaction(redirected from Closed-Market Transactions)
A situation in which an insider buys or sells restricted shares in a company from or to the same company. Because the person involved is an insider, he/she must file appropriate documentation with the SEC in order for the transaction to be legal. However, closed-market transactions are not considered insider trading because the counterparty is the company itself rather than another investor without inside information.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved