Have you ever found yourself thinking, ‘If only I knew a few company secrets, I could make millions!’? Well, slow down there, Warren Buffet Jr.! Today, we embark on a thrilling journey through the murky waters of insider trading. Spoiler Alert: This is one nautical adventure you WANT to avoid!
The Undercover Definition 📚
Insider trading (sometimes whimsically known as insider dealing) is all about playing the stock market with secret company info. It’s like having the answers to a test, but instead of an A+ on your math quiz, you end up with a jail sentence! According to the Companies Securities (Insider Dealing) Act of 1985, it’s a criminal offense to deal in company securities if you know something the general public doesn’t. And I’m not talking about the CEO’s favorite ice cream flavor. 🍦
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