An insider is a person whose opportunity to profit from their position of power in a business is limited by law to safeguard the public good. Both federal securities acts and state blue-sky laws regulate stock transactions of individuals with access to inside information about a corporation.
A matched bargain is a type of stock transaction in which a sale of a specific quantity of stock is matched with a purchase of the same quantity of the same stock, often conducted electronically on exchanges.
A wash sale is a transaction where an investor sells a security at a loss and quickly repurchases the same or substantially identical security within a specific period. This rule prevents taxpayers from claiming a tax deduction for the loss.
