The Five Biggest Insider Trading Scandals

The top five insider trading scandals. When people hear the term “insider trading,” they think of the crime. But insider trading is just the trading of a public company's securities by people with access to nonpublic or insider information about the company. There are rules around how insiders are allowed trade, forms they must fill out and so on, and these differ around the world.Insider trading becomes illegal when a person bases their trading decision on information that the public does not know. It is illegal to trade stock in a company based on insider information, and it is also illegal to pass on that information to another person so that they can trade. In such a situation the person passing on the information is breaking the law as is the person receiving it if they trade on the information.Today we look at the biggest insider trading scandals in recent history Today’s video is brought to you by our sponsor ProFundCom. If you are looking to use email marketing to raise assets and connect with potential investors, ProFundCom have being helping hedge funds, asset and wealth managers to do just that for the last 18 years. ProFundCom works with some of the biggest names in finance, and they have a great reputation in the industry. If you would like a demonstration on how they do this click on this link: https://pfc.ltd/?NzM2OAPatrick's Books:Statistics For The Trading Floor:  https://amzn.to/3eerLA0Derivatives For The Trading Floor:  https://amzn.to/3cjsyPFCorporate Finance:  https://amzn.to/3fn3rvC Patreon Page: https://www.patreon.com/PatrickBoyleOnFinanceVisit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoyleYouTube Channel: Patrick Boyle - YouTube Support the show