tippees

He then gave the information to hedge-fund clients, described in court documents as "tippees," who used it to make trades and paid him through various brokerage firms, prosecutors said.

Insider-Trading Case Plea by Witness Unsealed Michael Rothfeld 2010

What has been missing so far are cases against the recipients of the information, the "tippees" in the language of securities fraud, who took the information and traded on it.

A Preview of Trials and Tribulations in 2011 - NYTimes.com 2010

The memo says the purpose of these requests is to "determine whether any insider trading has occurred among our employees or their 'tippees,'" meaning people with whom employees share inside information.

Buffett's Policies Went Unheeded Leslie Scism 2011

Initially, sanctions against telling and trading were imposed on two groups: tippers, who have a fiduciary responsibility to keep quiet; and tippees, who traded as a result of learning these secrets.

Mary Shannon Little: Insider Trading: How is a Secret Best Kept? 2009

The defense usually employed by tippees -- especially employees of the targeted company -- was to insist they were trading for other reasons separate from their knowledge of corporate secrets.

Mary Shannon Little: Insider Trading: How is a Secret Best Kept? 2009

"The boardroom should be where investors' interests are protected, not a money trough for tippees of the wealthy and connected," U.S. Attorney Preet Bharara said in a statement.

unknown title 2012

Under the Securites & Exchange Commission Act of 1934, insider trading includes friends, business associates, family members, and other "tippees" of investment officers, fund managers, or employees, who bought or sold securities after receiving material, non public information.

Forbes.com: News Kenneth Rapoza 2011

No doubt he and his legal team had seen the damage that was done to Raj as the government played tape recordings of insider information being passed between tippers and tippees during that trial.

Forbes.com: News Walter Pavlo 2011

In the prosecution of purportedly intertwined networks of tippers and tippees that shook the hedge fund world last October and November, 12 out of 21 defendants -- faced with wiretap and other evidence -- have pleaded guilty.

IBTimes.com RSS Feed 2010

Two of the mergers, which resulted in "big payoffs" to the alleged tippees, according to the SEC, involved San Francisco private equity firm

SFGate: Top News Stories Andrew S. Ross 2010