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Insider Dealing (Insider Information (Information that relates to the…
Insider Dealing
A person/parties have price sensitive information about a company’s performance and deals in shares of that company in order to make a profit
Forms
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The insider makes his knowledge known to an outsider who uses this knowledge to deal with shares, where the outsider should have known was precluded from dealing with the shares because of his access to the sensitive information
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Insider Information
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Information that is price sensitive and if disclosed, is likely to materially affect the price of the securities being traded
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Information that is specific enough to enable a conclusion to be drawn as to the possible effect of that information on the prices of the financial instruments or related derivative financial instruments
Financial instruments
Can be created, traded, modified and settled
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Sanctions
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If committed by a company officer, the ODCE may seek a disqualification order
Civil: if found guilty, they must compensate any other party who was not in possession of the relevant information and compensate the company for any profits made