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LSDefine

Simple English definitions for legal terms

insider trading

Read a random definition: haligemot

A quick definition of insider trading:

Insider trading is when someone buys or sells a company's stocks using secret information that is not available to the public. This is not allowed because it is unfair to other people who want to buy or sell the stocks. People who work for the company, like bosses or important employees, are not allowed to use this secret information to make money for themselves. If they do, they can get in trouble with the law. The government watches for this kind of behavior and can punish people who break the rules.

A more thorough explanation:

Insider trading is when someone buys or sells a company's stocks using information that is not available to the public. This information is usually confidential or material non-public information that only people who work for the company or have access to the company's secrets know about. This is considered a breach of the individual's fiduciary duty.

For example, if a CEO of a company knows that the company is going to announce a big merger, they might buy a lot of the company's stock before the announcement is made. This is illegal because they are using information that is not available to the public to make a profit.

Insiders who "tip" their friends about material non-public information may also be liable for insider trading. For example, if a friend of the CEO knows about the merger and buys stock based on that information, they are also breaking the law.

The Securities and Exchange Commission (SEC) requires companies to report trading by corporate officers, directors, or other company members with significant access to privileged information. If someone is caught insider trading, they can face criminal charges and fines.

insider | insolvency

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lsac be like: give us $300 and our test MIGHT work ❤️
the remote testing room check is also so funny
because why am i down on the fucking ground showing the underside of my desk i'm crying
NosyBeagle
17:06
testing center 100
NosyBeagle
17:07
idk how tf do u cheat on this test
NosyBeagle
17:07
none of the answer are online and can't copy paste
the only way would be like somehow seeing the test beforehand (which people have attempted to do)
when they ask me to remove my hat and i reveal the rat helping me cheat on the test (ratatouille 2)
ParallelAgreeableOrangutan
17:12
yeah all I can think of is getting tips/answers from someone who took the test earlier in the weekend than you
ParallelAgreeableOrangutan
17:12
and... ig taping that info to the underside of your desk lol
i couldn't even tell u one question from the lsat i took like genuinely the only thing i vaguely remember is something about legally blonde being mentioned
ParallelAgreeableOrangutan
17:15
I remembered bits and pieces but if you look at reddit after the last day of a testing administration there is a ton of info. I guess some people out there have crazy good memories idk
ParallelAgreeableOrangutan
17:15
I would go see ratatouille 2
disney get on that NOW && there's some testing dude who slides into your dms if you post about it and asks if you remember any questions
my mind was wiped immediately after leaving testing center. it was like a dream
NosyBeagle
17:21
all i remember is that i did not do well
NosyBeagle
17:21
bro what if they Men in Black us after we finish
ParallelAgreeableOrangutan
17:23
Eternal Sunshine us
NosyBeagle
17:27
what if you walk out and then ariana grande goes ariana grande on you
17:36
Im tryna meet my proctor in montauk if yaknow what i mean
17:38
what if we kissed in the prometric testing center 🥺👉👈
17:47
woah
17:47
i remember a lot from the tests i did bad on and nothing from the test i did the best on lol
17:48
except for the fact that there were police sirens blaring down my street the minute i started the test
prometric more like
more like
like
.
anyways how about that lsat huh
18:21
prometric more like pro with my dick
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