tippee

(redirected from Tippees)
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tippee

(tɪˈpiː)
n
(Stock Exchange) a person who receives a tip, esp regarding share prices
References in periodicals archive ?
Newman, (14) the Second Circuit overturned the tippees' convictions on the grounds that the tippers, who were corporate insiders that indirectly passed inside information to the tippees via the tippees' analysts, (15) did not receive a "personal benefit" from their tips.
Justice Department devote so much capital to prosecuting insider trading and discouraging tippees from trading on what they discover?
The court said the government's flurry of prosecutions, which produced more than 80 convictions since 2008, was ''increasingly targeted at remote tippees many levels removed from corporate insiders.
Defendants Todd Newman, formerly of Diamondback Capital Management, and Anthony Chiasson, co-founder of Level Global Investors, were sentenced to jail time for allegedly trading on material, non-public information as tippees, in violation of federal securities laws.
Lynam noted the three ways in which the ruling will affect the prosecution of remote tippees: T he government must now clearly prove knowledge by the tippee that the insider who breached his duty received a benefit.
62) Recognizing that in certain situations tippees, such as Dirks, should be liable under Rule 10b-5, the Court held that a tippee assumes a "fiduciary duty to the shareholders of a corporation not to trade on material nonpublic information .
Tippees customize their unique Medallion image at Ziptip.
For example, prior to the announcement of one acquisition, Goffer gave one of his tippees a disposable cell phone that had two programmed phone numbers labelled 'you' and 'me.
Tippees are people with no fiduciary obligation to the company to whom an insider discloses material nonpublic information.
tippees or temporary insiders) who may have access to material non-public information are not included.
In England, Switzerland, France, the Low Countries, Japan, and in many other lesser financial centers, laws have been adopted that are intended to penalize at least the grosser kinds of insider trading, that of corporate insiders and their tippees.