harrison steans net worth - Now, who qualifies as an “insider”? It's not just the big bosses in the corner offices. It encompasses a wide range of individuals. We're talking about executives, directors, major shareholders, and anyone else with access to non-public, material information about the company. And, here's a kicker, it can also extend to people outside the company. If you get a tip from someone who *is* an insider, you could still be on the hook for insider trading. This is because you are privy to information that you should not have access to, and you use it to make financial decisions. This even extends to those working for firms that do business with the company. For example, a lawyer working on a merger for the company has a responsibility to keep this information secret. This is because they have a duty to keep the knowledge private, and if they share it, or use it to make financial gain, they could be accused of insider trading. The lines can get a little blurry, but the central point is this: if you possess non-public material information, you have a serious responsibility to keep it confidential and not use it for personal gain.
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