The sum represented profits he had made through trading on nonpublic information.
The investments would draw on confidential, nonpublic information developed by the energy company, the documents explained.
But trading on nonpublic information can get much more complicated than that.
While no one has been charged with trading on nonpublic information, the timing is interesting.
Insider trading cases rely on the misuse of nonpublic information.
In that case, you would have disclosed nonpublic personal information about the customer to the vendor.
The rule required companies that gave material nonpublic information to some traders to give it to all.
And finally there is the nonpublic information that is very much at the center of controversy.
But it asserted that the intelligence data, called nonpublic information, did not support the more sensational claims.
What kind of nonpublic information can get you in trouble?