Last updated on: 6/13/2008 10:06:00 AM PST
What are some examples of illegal insider trading?
General Reference (not clearly pro or con)
The US Securities Exchange Commission (SEC), on the page "Insider Trading," updated Apr. 19, 2001, of its website, explained:
"Examples of insider trading cases that have been brought by the SEC are cases against:
Apr. 19, 2001 - US Securities Exchange Commission (SEC)
Investopedia, an online portal for investor education, in its article "Uncovering Insider Trading" posted on its website (accessed May 20, 2008), wrote:
"The following are examples of illegal insider trading:
...If someone is caught 'tipping' an outsider with material nonpublic information, that tipster can also be found liable. The SEC uses the 'Dirks Test' to determine if an insider gave a tip illegally. The test states that if a tipster breaches his or her trust with the company and understands that this was a breach, he or she is liable for insider trading."
May 20, 2008 - Investopedia