tippees

tippees
In securities law, person who acquires material nonpublic information from another who enjoys a fiduciary relationship with the company to which such information pertains. Persons given information by insiders in breach of trust. Ross v. Licht, D.C.N.Y., 263 F.Supp. 395, 410.
The purpose of SEC Rule 10b-5 (q.v.) is to prevent corporate insiders and their "tippees" from taking unfair advantage of the uninformed outsiders. Radiation Dynamics, Inc. v. Goldmuntz, C.A.N.Y., 464 F.2d 876.
See also insider
- tip

Black's law dictionary. . 1990.

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Look at other dictionaries:

  • Dirks Test — A standard used by the Securities and Exchange Commission (SEC) to determine whether someone who receives and acts on insider information (a tippee) is guilty of insider trading. The Dirks Test looks for two criteria 1. Whether the individual… …   Investment dictionary

  • insider — With respect to federal regulation of purchase and sale of securities, refers to anyone who has knowledge of facts not available to the general public (e.g., officers, directors, key employees, relatives). 15 U.S. C.A. No. 78p(a). An insider is… …   Black's law dictionary

  • insider — With respect to federal regulation of purchase and sale of securities, refers to anyone who has knowledge of facts not available to the general public (e.g., officers, directors, key employees, relatives). 15 U.S. C.A. No. 78p(a). An insider is… …   Black's law dictionary

  • tippee — (ˈ)ti|pē noun ( s) Etymology: tip (VII) + ee : one receiving or that receives a tip experienced tippees develop a pretty keen eye for what to expect P.T.White standard tippees include hotel and railroad station porters … taxi drivers, doormen and …   Useful english dictionary

  • Insider trading — is the trading of a corporation s stock or other securities (e.g. bonds or stock options) by individuals with potential access to non public information about the company. In most countries, trading by corporate insiders such as officers, key… …   Wikipedia

  • Tipping — The act of providing material non public information about a publicly traded company to a person who is not authorized to have the information. This is an illegal act. Information is considered non public until it has been publicly released and… …   Investment dictionary

  • tipper — tip‧per [ˈtɪpə ǁ ər] noun [countable] FINANCE someone who supplies information about financial deals, especially those involving buying or selling shares: • The ruling of the Supreme Court has reduced the liability of both tippers and tippees… …   Financial and business terms

  • плата типа чаевых; дополнительная информация; подсказка — В общем значении: доплата за срочность или чаевые . Деньги, уплачиваемые сверх установленной платы, в качестве благодарности за дополнительные услуги, обычно официанту, портье, водителю такси или другому лицу, работающему в сфере услуг. Также наз …   Финансово-инвестиционный толковый словарь

  • tip — A sum of money given, as to a servant, waiter, bellman, or the like, over and above actual cost or charge for services rendered, with the amount commonly varying upon the quality of such service. A form of gratuity for extra services rendered.… …   Black's law dictionary

  • tippee — In securities law, person who acquires material nonpublic information from another who enjoys a fiduciary relationship with the company to which such information pertains. Persons given information by insiders in breach of trust. Ross v. Licht, D …   Black's law dictionary

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