Self-Dealing Legal Meaning and Definition

Here is a simplified definition of the legal term Self-Dealing.

Self-Dealing (noun)

Self-dealing is a legal term that describes a situation where an individual in a position of trust, such as a corporate insider or trustee, uses their knowledge or authority for personal gain. This could include buying or selling stock based on confidential information before it is made public. This conduct is often illegal, as it undermines trust and harms others who do not have the same access to information.