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: --
It will continue to be an offence for an insider or tippee to encourage someone else to undertake such dealing and for them to disclose inside information.
The word "tippee" is ambiguous.
That certainly eliminates "tippee" again.
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.
My suggestion is to substitute "secondary insider"for"tippee".
That applies not only to the insider but to the position affecting the tippee.
A tippee is a person whose source of information is an insider—not a difficult definition.
We are therefore focusing now on insiders, and their tippees, who receive certain information because of their employment, or connection with the company.
