Material Nonpublic Information
/ˌmætɪriəl ˌnɒnpʌblɪk ˌɪnfərˈmeɪʃən/
Definitions
- (n.) Information that is both significant to an investor's decision and not publicly disclosed, often relevant in securities law to prevent insider trading.
Trading on material nonpublic information is prohibited under federal securities laws.
Forms
- material nonpublic information
Related terms
See also
Commentary
Material nonpublic information must be both significant and undisclosed; its identification is pivotal in regulating fair securities trading practices.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.