Generally, an insider is someone who has knowledge that is not generally known and which, if it became publicly known, could have a significant incentive to buy or sell for investors. – A primary insider is anyone who has such knowledge as a result of his or her duties or position in the Company; – a secondary insider is anyone who learns of such knowledge in any other way. – According to the definition of the German Securities Trading Act (see § 13 WpHG), this includes all persons who – as a member of the management or supervisory body or of a company affiliated with the issuer, – by virtue of their participation in the capital of the company or of a company affiliated with the issuer, or – by virtue of their profession, activity or task – such as: tax advisor, actuary, auditor – have knowledge of a fact which is not generally known and which, if it became publicly known, could have a significant effect on the price of the security in question. – See watch list, friendly deal, insider reporting requirement, insider transactions, insider monitoring, credit channel, customer advisory, nominee, special benefit, tax advisor, System Securities Watch Application (SWAP), undertunneling, auditor.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/