misappropriation theory
C2CEFR level
90/100Rarity: very rare
TechnicalRegister
Basis for insider-trading liability where a person trades on confidential information in breach of a duty owed to the information's source.
The lawyer traded on his own client's takeover, so we charged it under the misappropriation theory rather than the classical one.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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