It's called insider trading.What Is Material Nonpublic Information?
Material nonpublic information is data relating to a company that has not been made public but could have an impact on its share price. It is against the law for holders of nonpublic material information to use the information to their advantage in trading stocks. It is also illegal to share this information with others who use it to profit in the market.
Ann: Pause in Trading, page-29
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