0 a person who advises others to buy or sell shares of a particular company after having received information, often illegally, from someone involved with the company:
Instead of "tippee", we could use the word "elephant", "umbrella", or whatever.
We are therefore focusing now on insiders, and their tippees, who receive certain information because of their employment, or connection with the company.
A tippee is a person whose source of information is an insider—not a difficult definition.
That applies not only to the insider but to the position affecting the tippee.
My suggestion is to substitute "secondary insider"for"tippee".
It will also continue to be an offence for an insider, or a tippee, to encourage someone else to undertake such dealing and for them to disclose inside information.
That certainly eliminates "tippee" again.
The word "tippee" is ambiguous.
