Statutory Offer of Settlement
In the stock market, using secret “inside” information gained by being an official of a corporation (or from such an officer) to buy or sell stock (or real property wanted by the corporation) before the information becomes public (like a merger, poor profit report, striking oil). self-dealing can also apply to general partners of a limited partnership who do not inform limited partners of business opportunities which should belong to the partnership. self-dealing can result in a lawsuit for fraud by shareholders. self-dealing with securities is a crime under the federal securities and exchange act.
