sisäpiiriläisiksi

Sisäpiiriläisiksi, which translates to "insiders" or "privileged individuals," is a Finnish term referring to individuals who possess confidential, non-public information about a publicly traded company. This information, often referred to as inside information, is not generally available to the public and, if it were to become known, could significantly influence an investor's decision to buy or sell the company's securities.

The group of sisäpiiriläisiksi typically includes company executives, board members, significant shareholders, and often close family members or associates of these individuals. The core principle behind restricting the use of inside information is to maintain fair and transparent capital markets. If sisäpiiriläisiksi were allowed to trade based on this privileged information, it would create an unfair advantage over ordinary investors, undermining market confidence and integrity.

In Finland, as in many other jurisdictions, trading on inside information is strictly regulated and considered insider dealing, a criminal offense. Companies are legally obligated to maintain insider registers, documenting individuals who have access to inside information and the periods during which they are restricted from trading. Compliance with these regulations is overseen by the Finnish Financial Supervisory Authority (FIN-FSA). The concept aims to ensure a level playing field for all market participants.