Unlawful disclosure of inside information
Definition
unlawful disclosure of inside information arises where a person possesses inside information and discloses that information to any other person, except where the disclosure is made in the normal exercise of an employment, a profession or duties
Context
Individual may trade on their personal accounts following receipt of insider information or confidential information to front run orders.
Surveillance
Effective implementation of surveillance alerts for unlawful disclosure of inside information requires capturing the following trade data:
communications data
reference data for insider information
Reference
A great account of the largest insider trading investigation in the history of Wall Street.
- Nominated for the FT/McKinsey Business Book of the Year
- Nominated for the Carnegie Medal for Excellence in Nonfiction
- Amazon Top 5 Business Books of 2017
Risk taxonomy
Related risks
Derived risks
Regulatory source
REGULATION (EU) No 596/2014 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL, article 10