<p>Insider trading refers to the trading of a public company's stock by insiders who may have&nbsp;access to non-public information about the company. The term of insider trading can sometimes be&nbsp;confusing because many people associate it with illegal conduct only. In fact insider&nbsp;trading&nbsp;&nbsp;</p><p>can&nbsp;either&nbsp;be&nbsp;legal&nbsp;or&nbsp;illegal&nbsp;depending&nbsp;on&nbsp;the&nbsp;nature&nbsp;of&nbsp;the&nbsp;non-public information.&nbsp;Generally speaking trading by corporate insiders (such as managers directors and beneficial&nbsp;owners) is legal in most countries as long as it is not based on material non-public information.&nbsp;However if corporate insiders or any other investors (known as de-facto insiders)trade stocks based on material inside information their trading will be considered illegal</p><p><br></p>
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