Insider

An insider or insider is someone who has the information, have no knowledge of the outsiders or the public. So he knows in a specific set of facts exactly or is privy to certain things or conditions.

The term has established itself in the German late 20th century and is from the Anglo- Saxon world ( engl. inside, " inside ", " located inside out"). It is clear that this function or position of the person from the "outside " is considered.

Use of the term

Journalism

Often insiders are mentioned in the investigative journalism as an information source when irregularities, misconduct and illegal activities are uncovered with their support.

Security authorities

The police and other security forces use occasionally the insider ( also known there as undercover agents ) to monitor the scene of organized crime or anti-constitutional activities with their help. It tries to infiltrate appropriate people in the group or to motivate people of the inner circle to the disclosure of insider knowledge.

Tourism

Especially in tourism (but not only there) the concept of insider tips is common. If anyone has more knowledge about a particular situation / landscape / location has from his own experience, he gives this knowledge as an insider tip on to interested parties. Will there be massively distributed, is naturally ago no more insider tip, because so many now have this knowledge.

Network jargon

Another word creation in the context of insiders of inside joke, shortened the net lingo on the word insider. Be used such so-called "insiders" often in ICQ Away Messages or in Internet forums. Here outsiders can only pursue a witty remark or the uncomprehending Pointe a joke because they do not belong to that group of which is the story being told. You must first be initiated into backgrounds, so get insider knowledge to mitschmunzeln can. It can, however, also to the information concerning only certain people something.

Securities Trading

→ Main article: Insider Trading

Insider is someone who receives a possible price-sensitive message from a company formerly known as the mass of the actual or potential shareholders ( for example, shareholders).

Who want to take insider knowledge about the stock market to make money, runs the risk of being prosecuted. Securities, which are suitable for an insider zuzuschanzen economic benefits are in accordance with the Securities Trading Act in force since 1994 ( WpHG) in Germany punishable.

Insiders within the meaning of the Act are persons who

• Are involved in a company or a related company capital;
• Misleading because of their work in the company knowledge (for example, board members, supervisory board members);
• Because of their profession or task knowledge gain (for example, accountants, tax advisors, notaries, consultants ).

These so -called primary insiders who receive improper " hot" information, there is the category of secondary insiders. This includes people who are experiencing random from a insider fact.

If insider knowledge of not well-known, but significant price-sensitive information about the company acquire and buy, sell or another recommend this or disclose this fact without authorization under this knowledge gap, publicly traded securities, this may be a case for the prosecutor. To the Detection and tracking of prohibited according to § 14 WpHG insider trading, the Federal Financial Supervisory Authority takes care in Bonn.