Sisäpiireistä

Sisäpiireistä is a Finnish term that translates to "insider information" or "insider dealings" in English. It refers to non-public information that, if made public, could significantly affect the price of a company's securities, such as stocks or bonds. This type of information is typically known only to a select group of individuals who have a close relationship with the company, such as executives, directors, employees, or major shareholders.

Trading on sisäpiireistä is illegal in most jurisdictions, including Finland. This is because it gives those with access to the information an unfair advantage over other investors. The laws against insider trading are designed to protect the integrity of the financial markets and ensure a level playing field for all participants. Regulatory bodies, such as the Finnish Financial Supervisory Authority (Finanssivalvonta), monitor trading activity for suspicious patterns that might indicate insider dealing.

Companies are also required to have internal policies and procedures to prevent the misuse of sisäpiireistä. These often include restrictions on trading by insiders during certain periods, such as before the release of financial results, and requirements for reporting any trades made by individuals with access to sensitive information. The concept of sisäpiireistä is central to maintaining trust and fairness in the investment community.