Sisäpiirikaupassa

Sisäpiirikauppa refers to the trading of securities by individuals who possess material, non-public information about the company. This information is considered "inside" because it has not yet been released to the general public and could significantly influence the stock price.

The legality of sisäpiirikauppa varies by jurisdiction. In many countries, including those within the European Union, it is strictly regulated and considered illegal market abuse. The rationale behind these regulations is to ensure fair and transparent capital markets. Allowing individuals to profit from privileged information creates an uneven playing field, undermining investor confidence and the integrity of the market.

Individuals deemed to be "insiders" typically include company executives, board members, major shareholders, and sometimes even their close relatives or associates who may have access to sensitive data. This information could relate to upcoming mergers, acquisitions, significant financial results, product developments, or any other event that is not yet publicly known.

Enforcement of regulations against illegal sisäpiirikauppa is usually carried out by financial market authorities. Penalties for engaging in such activities can be severe, including substantial fines, disgorgement of profits, and even imprisonment. The goal is to deter such practices and maintain market fairness.