Illegal buying of stock in a company on the basis of information provided by someone who has a fiduciary interest in the company is known as _______.

Question

Quizplus · Accepted Answer

Insider trading is the illegal buying of stock in a company based on information provided by someone who has a fiduciary interest in the company, such as a company executive or board member. This information is not available to the general public and gives the insider an unfair advantage in making a profit on the stock. Exploitation, peddling, and chiseling do not specifically refer to this type of activity.

Illegal Buying of Stock in a Company on the Basis