sisäpiiritietojen

Sisäpiiritietojen refers to non-public information that, if it were publicly disclosed, would be likely to have a significant effect on the price of a financial instrument. This type of information is typically obtained through one's position within a company, such as by being a director, employee, or a major shareholder, or through access to confidential business dealings. The concept is crucial in financial market regulation, particularly concerning insider trading.

Insider trading involves trading securities on the basis of material non-public information. This practice is illegal in most jurisdictions because it provides an unfair advantage to those with access to such information, undermining market integrity and investor confidence. Regulatory bodies like the European Securities and Markets Authority (ESMA) and national financial supervisors in individual countries actively monitor trading activities to detect and prosecute insider trading.

The definition of sisäpiiritietojen is broad and encompasses a wide range of sensitive details. Examples include upcoming mergers or acquisitions, significant financial results before their public release, major product development breakthroughs or failures, substantial changes in management, or the outcome of significant legal disputes. The key characteristic is that the information is not yet available to the general investing public and could influence an investor's decision.

To prevent misuse, companies and individuals handling such information are subject to strict rules. These rules often require disclosure of certain positions and transactions, and prohibit trading while in possession of inside information. The aim is to ensure a level playing field for all market participants.