ks I checked the definition of insider trading in the USA. I found this: "Insider trading" is the act of purchasing or selling securities (most commonly shares of stock) on the basis of material nonpublic information. Material nonpublic information is that which has not been released to the public and will likely have an impact on the corporation's stock price when released. Corporate insiders must allow the market reasonable time (generally six months) to absorb the information after publication before they can trade upon it. An insider can be a director, officer, or employee of the corporation, or anyone who, even temporarily, becomes a fiduciary of the corporation (e.g., attorneys, accountants, consultants, brokers).
