Which type of corporate information is not available to investors?
Insider information?
There are certain types of corporate information that may not be readily available to investors. Here are a few examples:
1. Non-public financial information: Companies are required to disclose their financial information in public financial statements, such as quarterly and annual reports. However, there may be certain financial details that are not disclosed to the public, such as specific forecasts, projections, or internal financial reports.
2. Trade secrets and proprietary information: Companies may have valuable trade secrets or proprietary information that they do not disclose publicly. This could include details about manufacturing processes, formulas, customer lists, or future product plans.
3. Insider information: Insider information refers to facts about a company that have not been made public but are known by individuals who have privileged access to the company's information. This could include information about significant upcoming events, mergers and acquisitions, or financial performance. Trading based on insider information is illegal as it provides an unfair advantage to individuals with access to such information.
4. Ongoing litigation: While companies are required to disclose significant legal proceedings in their financial statements, there may be ongoing litigation or pending claims that are not publicly known until they are resolved or become material enough to be disclosed.
It's important to note that while some information may not be readily available to investors, companies are legally obligated to disclose material information that could impact investors' decision-making. Investors can access publicly available information through various sources, such as company filings with regulatory authorities, financial news websites, and investor relations portals.