

<head> Tipster Topic Description


<num> Number:  055 


<dom> Domain:  International Economics


<title> Topic:  Insider Trading


<desc> Description:  

Document discusses an insider-trading case.


<smry> Summary:

Document discusses an insider-trading case.


<narr> Narrative:  

A relevant document will discuss an insider-trading case, identifying the
accused/the defendant(s), as well as the government doing the investigation.
It will also mention at least one of the following specifics of the case: the
alleged illegal activity, whether charged with providing or using insider
information, possible conspirator's role in the scheme, the monetary amount of
illegal profit and of damage; if pronounced guilty, then the sentence terms,
e.g., monetary penalty (cash payment), time in prison, cooperation with the
government, probation, community service, being barred from the industry for a
certain time period.


<con> Concept(s):

1. insider-trading case

2. insider-trading scheme, illegal insider-trading activity, illegal
   securities transactions, white-collar crime, securities-law violations

3. insider-trading investigation, insider-trading probe

4. Securities and Exchange Commission, SEC

5. investment banking, investment banker, arbitrage, arbitrager, securities
   analyst

6. inside information, advance knowledge of corporate takeovers 

7. leaking information, misappropriating information, leaking word, leaking
   news, passing a tip

8. pre-bid market activity, takeover speculation, matched-book
   transaction


<fac> Factor(s):


<def> Definition(s):

Insider Trading - Dealing in shares with the advantage of inside information.
The owners of shares in a public company are all supposed to be equal - so if
one of them knows that the company is about to go broke before the others and
sells his shares while their price is still good, that is unfair.  In many
countries, including the U.S. and the U.K., it is also illegal.  However, it
is very difficult to prove that an investor is buying or selling shares on the
basis of inside information.