Insider Trading

As a general rule, markets operate on the understanding that all investors are privy to the same information regarding securities. In reality, there is certain nonpublic material information that you will either intentionally or accidentally have access to. Once this happens, you become an insider. As an insider, how you trade on that information—especially if it is at the expense of others—is what you need to be cognizant of and concerned about. This course discusses insider trading and the consequences of misuse of material, nonpublic information.