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 employees, directors, and large shareholders may be legal, if this trading is done in a way that does not take advantage of non-public information. However, the term is frequently used to refer to a practice in which an insider or a related party trades based on material non-public information obtained during the performance of the insider's duties at the corporation, or otherwise in breach of a fiduciary or other relationship of trust and confidence or where the non-public information was misappropriated from the company.
In the United States and several other jurisdictions, trading conducted by corporate officers, key employees, directors, or significant shareholders (in the U.S., defined as beneficial owners of ten percent or more of the firm's equity securities) must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. Many investors follow the summaries of these insider trades in the hope that mimicking these trades will be profitable. While "legal" insider trading cannot be based on material non-public information, some investors believe corporate insiders nonetheless may have better insights into the health of a corporation (broadly speaking) and that their trades otherwise convey important information (e.g., about the pending retirement of an important officer selling shares, greater commitment to the corporation by officers purchasing shares, etc.)
Martha Stewart (née Kostyra; August 3, 1941) is an American business magnate, author, magazine publisher, and television personality. As founder of Martha Stewart Living Omnimedia, she has gained success through a variety of business ventures, encompassing publishing, broadcasting, merchandising, and electronic commerce. She has written numerous bestselling books, is the publisher of the Martha Stewart Living magazine, and her syndicated talk show, Martha, is broadcast throughout the world.
In 2004, Stewart was entangled in the ImClone insider trading affair and there was speculation that the incident would effectively be the end of her media empire. She began a comeback campaign in 2005 and her company returned to profitability in 2006. Stewart rejoined the board of directors of Martha Stewart Living Omnimedia in 2011 and became chairman of her namesake company again in 2012.
Martha Stewart was born in Jersey City, New Jersey to middle-class Polish American parents, Edward "Eddie" Kostyra (c. 1912 – 1979) and Jadwiga Martha Ruszkowski Kostyra (b. September 16, 1914, Buffalo, New York – d. November 16, 2007, Norwalk, Connecticut). She lived in Jersey City until the age of 3, when her family moved to Nutley. She was raised in Nutley along with her five siblings. She took the name "Grace" for her confirmation name before graduating from Nutley High School.
Timothy Maxwell "Max" Keiser (born January 23, 1960) is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT (formerly Russia Today). Keiser also anchors On the Edge, a program of news and analysis hosted by Iran's Press TV. He hosted the New Year's Eve special, The Keiser's Business Guide to 2010 for BBC Radio 5 Live. Keiser presented a season of The Oracle with Max Keiser on BBC World News. Previously he produced and appeared regularly in the TV series People & Power on the Al-Jazeera English network. He also presents a weekly show about finance and markets on London's Resonance FM, as well as writing for The Huffington Post.
In addition to his broadcasting work Keiser is known for his invention of "Virtual Specialist Technology", a software system used by the Hollywood Stock Exchange.
Keiser has been involved with markets and finance for 25 years. He started his career as a stock broker on Wall Street after graduating from New York University.
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