Insider Not just a person working in a particular company, but one in a key position in possession of crucial facts about the company, such as contracts won, takeover bids, current results, etc, which the public do not yet know. Insiders include owners, executives and consultants of a firm. It is illegal for an insider to indulge in speculative trading in the company’s shares, although the proverbial ‘circles close to the management’ who engage in buying or selling sprees before good or bad news is made public, act on insider information.

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