# Insider and, more rarely, insider

- Canonical URL: https://www.gerhardmerk.de/insider-and-more-rarely-insider
- Post ID: 587945
- Modified: 2023-07-25T21:02:23+00:00
- Language: en

## Definition

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. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! 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/

## Machine-readable

- Generator: Merk Knowledge 1.1.1