ESL Podcast 860 - Insider Trading
hot tip - exciting secret information that will be beneficial; important information that is not known to other people
The store sends hot tips about upcoming sales to its best customers.
stock - share; partial ownership in a company, bought and sold as a way to try to make money
Their retirement funds are mostly invested in high-tech stock.
director - a member of a corporation's board of directors; one of the people who makes decision about the strategy and future plans of a company, working closely with senior management
Two of our directors have extensive experience in finance.
something big is brewing - a phrase meaning that something important is happening, but the details of it and the final results are not yet known
When people see all of the managers meeting behind closed doors like that, they know something big is brewing.
publicly disclosed - information or data that is made available to the public, so that anyone can access it and it is no longer secret
Should the president's medical records be publicly disclosed?
insider trading - financial transactions, particularly the buying and selling of stock, by people who work for the company or are closely connected to it and who are reacting to secret information that other people do not know
Charlene never talks about her work with her friends, because she doesn't want to be accused of insider trading.
investor - someone who buys things and then tries to sell them later at a higher price or produces products and services in order to make money
Yokuhiro has begun buying homes as a real estate investor.
share - stock; individual units or pieces representing partial ownership of a company, bought and sold as a way to try to take money
How many shares of the company do you own?
shareholder - a person who owns one or more shares of a particular company; a person who owns stock in a particular company
The company has an annual meeting for all its shareholders to learn about the company's progress and vote on new directors.
corporate insider - a person who has information about a company, usually as an employee of that company
Business reporters are always trying to get information from corporate insiders before a major company move.
to breach - to violate; to break the rules; to go beyond the limit of something
The protestors breached the police line.
fiduciary - involving trust, especially for a person to be responsible for a person's or organizations' money or investments
The position has a fiduciary role, as it oversees all spending decisions.
SEC - the Securities and Exchange Commission; the U.S. governmental agency responsible for regulating and overseeing the markets in which shares and stock are bought and sold, making sure that transactions are fair
How often does the SEC audit companies traded on the New York Stock Exchange?
regulator - an agency that makes rules or laws controlling the behavior of others
The Food and Drug Administration is a regulator of pharmaceutical companies, controlling which new drugs can be sold.
shady - not completely honest, open, or transparent; with some hidden, negative purpose; full of doubt
When we asked our new neighbor where he works, he gave us a shady answer and quickly changed the subject.
jumpsuit - a piece of clothing that covers one's entire body, like a long-sleeved shirt and a pair of pants that are connected, usually with a zipper or buttons along the chest or back, often worn by people in prison
All the mechanics here wear thick grey jumpsuits while they work on cars.