Forwardly Inc (FORW)

[StockHobit]

Legal
The legal version is when corporate insiders—officers, directors, employees and large shareholders, buy and sell stock in their own companies

Illegal
the law today is that if material information about a company, or about the company's stock, is obtained in violation of any duty to any person, and used to trade, the trader is guilty of insider trading.

Insider trading violations may also include "tipping" such information, securities trading by the person "tipped," and securities trading by those who misappropriate such information. Examples of insider trading cases that have been brought by the SEC are cases against:

* Corporate officers, directors, and employees who traded the corporation's securities after learning of significant, confidential corporate developments;
* Friends, business associates, family members, and other "tippees" of such officers, directors, and employees, who traded the securities after receiving such information;
* Employees of law, banking, brokerage and printing firms who were given such information to provide services to the corporation whose securities they traded;
* Government employees who learned of such information because of their employment by the government;
* Employees of financial printers who learned of the information during the course of their employment; and
* Other persons who misappropriated, and took advantage of, confidential information from their employers.