Insider Trading Attorney in Los Angeles

What is insider trading?

The definition of insider trading is found under 17 CFR 240.10b-5, where it states that it is illegal to make any statements, omit any information, or engage in any fraudulent activity in connection with the purchase or sale of any security or non-public information. Anyone who has the ability to come in contact with stocks, bonds and other such securities cannot sell those securities without explicit authority from the owner of those securities. Otherwise, they are guilty of insider trading.

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