As per the test laid down by the Supreme Court (in United States v.Chiarella),the definition of "insiders" includes not only officers and directors of the company but also anyone who has been entrusted with corporate information for a corporate purpose.

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As per the test laid down by the Supreme Court (in United States v.Chiarella),"insiders" include not only officers and directors of the corporation,but also anyone who is entrusted with corporate information for a corporate purpose and the corporation has a proper purpose for keeping the information confidential.

As Per the Test Laid Down by the Supreme Court