Which of the following best represents Insider Trading ........

Economic Affairs Financial Markets

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Which of the following best represents Insider Trading?

Trading indulged by a promoter to protect his majority shareholding

Unauthorized trading indulged by traders outside the domain of trading platforms

Transactions done by an individual who has confidential information about a listed company

Collusion between promoters of company before a merger deal

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Explanation:

3rd option is correct.
Insider Trading is defined as transactions done by an individual who has confidential information about a listed company.
OR
Insider trading is the buying or selling of a security by someone who has access to material nonpublic information about the security. Insider trading can be illegal or legal depending on when the insider makes the trade.