The insider is who? List of insiders

In the modern world, an insider is a very common concept. It is applicable in various spheres of economic activity. In general, an insider is a natural or legal person who, due to its position, has access to valuable (mainly, of course, from an economic point of view) information.

Term

The insider (from the English "inside") is a member of a group of people who have some important information. And he is active - mostly for his own benefit. In the media this word has become synonymous with the concept of "source in ...".

As an example of altruism in insider, one can bring the American intelligence officer Edward Snowden, who disclosed to the world classified information belonging to the US National Security Agency. But, as a rule, such people have in a certain group not only knowledge, but also sufficient power and resources, and use their position only for the acquisition of additional benefits. Unlike them, external experts of the company can only analyze the received information, not having an idea of how much they are reliable.

Another vivid example of self-interest is the famous Wall Street scandal associated with the names of Michael Milken, Ivan Boska, Martin Sigel and Denis Levine. Everything ended in real terms and with huge fines. This can be read in the book of James Stewart, which is called "The greed and glory of Wall Street." The speculation of the American money-bags is still shooting feature films.

Insider Information

Often this concept is associated with industrial espionage and superprofits of large corporations. And meanwhile, as in any organization, so in the political party there are areas that are closed from access from outside. This is classified information, not intended for ordinary citizens - the latest technology, advanced development, financial reports, lobbying for certain groups. And since real people are involved in all these processes, they are insiders who can deal with this information. It's not for nothing that Francis Bacon once said that knowledge is power. And in the modern world, such individuals are becoming serious weapons for achieving both political and economic gains. And the activities of the insider can undermine the work of a large corporation and break the career of a major public figure. And even if the term itself did not initially have a negative component, more and more often insiderism is associated with personal greed.

Because of the above, it is clear that the ratio of ordinary people to this phenomenon is mostly negative. This is confirmed by various theories of a worldwide conspiracy. For example, rumors about the existence of a group of Illuminati. The insider of this secret society allegedly reported that the higher worlds decided to reduce the world's population by ninety-nine percent. One of the ways that they chose is products made using GMOs. The latter is said to sharply reduce the ability of the human reproductive system. On this topic films are also made.

Right

Members of criminal groups or corporations that violate legislation may create "leaks" leading to the disclosure of such acts. With a purpose, of course.

Finance

Often insiders - shareholders or members of the board of large corporations - use their information about the position of the issuing company for transactions in the securities market. Such operations are not always legal.

Policy

In ordinary life, insider information includes information (social life, economics, ecology, etc.) that contradict the authorities' point of view and are reliable at the same time. Sources in this case can be both politicians, scientists, journalists, cultural figures.

Business

The insider is a large shareholder, and also the senior manager of the corporation. All of them have important information about the state of affairs of the company.

Banking sphere

An insider of a bank is a natural or legal person who is aware of the financial situation due to his official position. Such information can also be from shareholders and their relatives. Here you need to clarify who is "physical", and who are "legal" insiders.

The first category includes:

1. Persons holding a stake in the bank, shareholders.
2. Top management: from the chairman of the board of directors to the chief accountant.
3. Heads of structural units, as well as persons who by proxy of the auctioneer have the right to vote at meetings.
4. Auditors, auditors and representatives of control bodies.
5. Relatives of all the above persons.
6. Associates of institutions associated with the bank.

The second category includes:

1. Participants and institutions that hold significant capital shares in the bank; As well as enterprises, significant parts of these are in the ownership of the latter.
2. Organizations whose leaders are close relatives of shareholders, senior managers and supervisors of the credit institution.

How to protect yourself from insider trading

Commercial and other organizations are taking steps to preserve sensitive information. For this there are both legislative and hardware tools. Among the latter one should note special computer programs, for example "Insider", which "hide" electronic data.

Important documents are stored in specially designated places under the guise of other information, say, graphic files. And for the layman of these data on the computer in general, as it were, no. And only when you enter the correct password, the required folders are available. True, the files that the program can remove, can not be restored, and the application itself uses the Internet. So there is also the risk of spreading information on the World Wide Web.

What can the program "Insider"

1. Data encryption.
2. Hiding confidential information.
3. Unlimited size of processed data.
4. Data exchange via the Internet.
5. Irrevocable deletion of files.

Other standard programs are also used to protect confidential information: antiviruses and authentication systems. In general, any self-respecting organization should have a security policy.

The law on insider information applies to legal methods of combating the dissemination of classified information. He has already received many amendments. This statutory act defines the list of persons belonging to insiders, as well as cases when an individual or legal entity can acquire such status.

According to the law, the use of insider information to manipulate stock prices and personal enrichment is not justified. All because it prevents competition in the financial market.

List of insiders - what is this? The law obliges organizations to compile a list of employees who are granted access to secret data. Insider information persons can also enjoy due to their position. The ability to work with secret documents and responsibility for this is stipulated by labor and civil law contracts.

There are so-called "primary insiders". These are persons who directly receive sensitive data. Besides them, there are also "secondary" ones. They have access to insider information already through the first.

Information on the actions of insiders

Such information, in principle, is available to everyone. They are necessary for making decisions about whether to buy or sell shares. In such cases it is important to remember the following. Most transactions that insiders commit are designed to grow their companies in the future. Therefore, it is necessary to conduct a serious and thorough analysis. And the sale by one of the major directors of a small portion of their shares should not be misleading. It is necessary to act only when several shareholders start to get rid of securities. And the director, who does not just receive a salary in the company, but has assets in it, is a much more revealing object for analysis.

Information on such transactions can be found on many specialized sites on which even insider sections exist. They always have something interesting. However, this or that site can be controlled by an insider. Reviews on such resources should therefore be read very carefully.

This article, of course, does not pretend to reveal the whole topic. In insider, there are many nuances. Everyone already understands that it is not good for ordinary people, but in modern market economy conditions, this phenomenon should be treated as a fact.