Managing Insider Trading Risks
October 10, 2025
This article was originally published for the National Society of Compliance Professionals on August 14, 2025
Insider trading is the practice of trading securities by persons in possession of material, non-public information(“MNPI”) about such securities. Material information has been described by the U.S. Securities and ExchangeCommission (“SEC”) as information that a reasonable investor would consider important in making his or her investment decisions, or information that is reasonably certain to have a substantial effect on the price of a company’s securities.