sisäpiiritietoon

Sisäpiiritieto refers to information that has not been made public and that, if disclosed, could significantly influence the price of financial instruments. This type of information is considered privileged and its unauthorized disclosure or use is subject to strict regulations in many jurisdictions. The purpose of these regulations is to ensure fair and orderly markets by preventing individuals with access to such information from gaining an unfair advantage over other investors.

Examples of inside information can include details about upcoming financial results, significant merger or acquisition plans, major product development breakthroughs, or substantial changes in a company's management. Individuals who possess this information are typically executives, board members, major shareholders, or employees of a company, as well as those who gain access to it through their professional relationships, such as lawyers or auditors.

Trading on inside information, known as insider trading, is illegal and carries severe penalties, including hefty fines and imprisonment. Regulatory bodies like the European Securities and Markets Authority (ESMA) and national financial supervisors monitor markets for suspicious trading activities. Companies are also obligated to report certain transactions made by their insiders. The aim is to maintain investor confidence and the integrity of financial markets.