inside information

Definition

Material information about a company which is known by the company's board of directors, management, and/or employees but not by the public. The SEC forbids trading based on such information.

Use inside information in a sentence

They had some inside information that they thought was true, but turned out to be lies and misinformation, which was not good.

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The Securities and Exchange Commission is the legal body tasked with the enforcement of laws prohibiting the use of inside information.

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The SEC recieved reliable information that the executives at citibank were providing inside information to an unamed congressman in return for his support.

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