Material Non-Public Information
Definition
What is Material Non-Public Information?
Important information not available to the public that could affect an investmentAn asset or commitment of money made with the expectation of future income, growth, or both. decision or securityA tradable financial claim or ownership interest, such as a share, bond, or fund unit. price.
Example in practice
How This Looks in Practice
Unreleased earnings and takeoverAn acquisition that results in one party gaining control of another company. plans may be material non-public information.
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Related Terms
Wash Trade
A trade or series of trades creating the appearance of activity without a genuine change in beneficial ownership.
Market AbuseSpoofing
Placing orders without genuine intent to execute in order to mislead other market participants.
Market AbuseLayering
A form of manipulation involving multiple deceptive orders at different price levels.
Financial StatementsRevenue
Income generated from selling goods or services before expenses are deducted.