sisäpiirikaupaksi

Sisäpiirikaupaksi refers to transactions involving securities made by individuals who possess significant, non-public information about a company. This information, if disclosed, could materially affect the stock price. Such individuals, often referred to as insiders, typically include company executives, directors, and major shareholders. The core principle behind prohibiting insider trading is to ensure fair and equitable markets. When insiders trade based on privileged information, it creates an unfair advantage over other investors who do not have access to that information. This can erode public trust in the stock market and lead to a less efficient allocation of capital.

Regulatory bodies in most countries, such as the Securities and Exchange Commission (SEC) in the United States or the Financial Supervisory Authority (Finanssivalvonta) in Finland, have strict rules against insider trading. These regulations aim to prevent individuals from profiting from confidential information. While possessing insider information itself is not illegal, using it to trade securities is. Insiders are often required to report their trades to the relevant authorities to maintain transparency. The penalties for insider trading can be severe, including substantial fines, disgorgement of profits, and imprisonment. The definition and enforcement of insider trading laws can vary by jurisdiction, but the underlying objective remains the protection of market integrity.