Rule 14e-3

Rule 14e-3

Definition

An SEC rule applicable when a tender offer is in the process of being executed and another person is in possession of material, nonpublic information related to said offer. It is violated when a person purchases or sells securities regarding the target of the tender offer within a reasonable time before such nonpublic information is disclosed.

Get full access FREE

With a 7-Day free trial membership
Here's why 745,000 law students have relied on our key terms:
  • A complete online legal dictionary of law terms and legal definitions
  • Over 7,900 key terms written in plain English to help you not only understand the law but master it
  • The premier online law dictionary built specifically for law students
  • Easy access in class or on the go, accessible both online and through the Quimbee mobile app
  • Reliable - written by legal professors and practitioners
  • Get instant access to all related rules of law to any specific key term with a Quimbee Study Aid plan

Get full access FREE

With a 7-Day free trial membership