A ruling by the Securities and Exchange Commission regarding insider information. This rule, SEC Rule 14e-3, subparagraph (b), states that the only person who can legally trade while holding insider information is an individual bidding as part of a tender offer.
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Definition of Empty Head and Pure Heart Test: A ruling by the Securities and Exchange Commission regarding insider information. This rule, SEC Rule 14e-3, ...
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Securities and Exchange Commission rule that allows only the bidder of a tender offer to trade in the stock while possessing inside information.
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SEC Rule 14e-3, subparagraph (b), which, with strict exceptions, prohibits any party other than the bidder in a tender offer to trade in the stock while.
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Empty head and pure heart test - Do you love me? Securities and Exchange Commission rule that allows only the bidder of a tender offer to trade in the stock ...