tippee


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Tippee

A person who receives inside information. Unless reported to the authorities, tippees can be held legally liable for illegal inside information, even if the tippee does not use it in trading. This exists to encourage tippees to come forward to eliminate insider trading and increase transparency. See also: Insider trading.

tippee

A person who is given inside information.
References in periodicals archive ?
A Tommee Tippee is not a magical milk making leprechaun but a machine.
In Cady, Roberts, the SEC opined that "information intended to be available only for a corporate purpose" must also "not [be] for the personal benefit of anyone," (28) This applies to the tipper, the tippee, and even the elusive second- and third-level (and beyond) "remote tippees.
In other words, the fact that a tipper gifted information to a close relative or friend was not enough to show a "personal benefit"--there also needed to be proof of some tangible benefit provided by the tippee to the tipper.
A tippee assumes a fiduciary duty to the shareholders of a corporation not to trade on material nonpublic information only when the insider has breached his fiduciary duty to the shareholders by disclosing the information to the tippee and the tippee knows or should know that there has been a breach.
So, were Newman and Chiasson guilty of violating the rules against insider trading under a theory of tippee liability?
Lynam noted the three ways in which the ruling will affect the prosecution of remote tippees: T he government must now clearly prove knowledge by the tippee that the insider who breached his duty received a benefit.
62) Recognizing that in certain situations tippees, such as Dirks, should be liable under Rule 10b-5, the Court held that a tippee assumes a "fiduciary duty to the shareholders of a corporation not to trade on material nonpublic information .
A Tommee Tippee Closer to Nature Digital video sensor monitor is PS90 instead of PS180.
There are massive savings on a set of six 260ml Tommee Tippee Closer To Nature Easi-Vent bottles, which have been slashed by 60 per cent from PS25 to PS10 while Cow & Gate Growing Up Milk 1-2 years (900g) is down by PS2.
They also have a full range of Johnson's and Tommee Tippee baby products (subject to availability).
He was also named chairman of Cath Kidston in November 2010 and in January took on the chairmanship of Mayborn - the manufacturer of baby brands Tommee Tippee and Closer to Nature.