Sisäpiiritietona

Sisäpiiritietona refers to information that is not publicly available and could influence the market price of a financial instrument. This type of information is often possessed by individuals who have a special relationship with a company, such as executives, directors, or major shareholders. The use of sisäpiiritietona for personal gain is illegal and is strictly regulated by financial authorities in many countries.

The concept of insider trading, which is the trading of a public company's stock or other securities based on material, non-public information, is what sisäpiiritietona directly relates to. This information is considered "material" if a reasonable investor would consider it important in making a decision to buy or sell a security. Examples of material non-public information include upcoming earnings reports, merger or acquisition plans, significant product developments, or major legal rulings.

Regulations surrounding sisäpiiritietona aim to ensure fair and transparent markets. By prohibiting insider trading, authorities seek to prevent individuals from unfairly profiting at the expense of other investors who do not have access to the same privileged information. Penalties for insider trading can be severe, including substantial fines and imprisonment. Companies themselves are also obligated to have policies and procedures in place to prevent the misuse of inside information by their employees and associated persons.