Feb. 6 at 3:40 PM
$TNXP
For those wondering Part 1
Insiders (such as officers, directors, and employees with access to material non-public information, or MNPI) of publicly traded companies are prohibited from buying (or selling) their company’s stock under U.S. securities laws and typical company policies in these key situations:
1. When in possession of material non-public information (MNPI) This is the core federal prohibition under Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 enforced by the SEC. Insiders cannot trade (buy or sell) if they are aware of MNPI about the company that could affect the stock price, as this would constitute illegal insider trading.
• MNPI includes things like upcoming earnings results, mergers/acquisitions, major product developments, or other significant undisclosed events.
