MN Insider Trading Attorney

Minneapolis, MN criminal defense lawyer Andrew Birrell explains how insider trading works. He explains that insider trading involves buying or selling a security, such as a stock, based on material information that is not publicly available. The term “insider trading” arises from the fact that the individual possesses privileged information—either as an employee of the company or as someone who has received confidential information from an insider.

Insider trading is illegal because it creates an unfair advantage in the securities market. By using nonpublic information, the individual is able to make trades that others without access to that information cannot, effectively undermining the integrity of the market.