An insider is a person, such as a corporate officer, director, or majority shareholder, who has access to material nonpublic information about a company or the securities market.

Question

Quizplus · Accepted Answer

An insider is indeed a person who has access to material nonpublic information about a company or the securities market. This includes corporate officers, directors, and majority shareholders, as well as other individuals who may have access to confidential information due to their relationship with the company or through their occupation. It is illegal for insiders to use this information to make trades or other financial decisions, as it can give them an unfair advantage over other investors.

An Insider Is a Person, Such as a Corporate Officer