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The case at FWPL relates to "insider trading". It is a term that most investors are aware of and usually related to illegal conduct. But the phrase actually includes bothlegal and illegal conduct.
The legal version is when corporate insiders- directors,officers, and employees- sell and buy stock in the companies where they are holding offices. When corporate insiders trade in the securities of the company for which they work, they must report their trades to the SEC.
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