We Prevent Insider Trading
Our Commitment
We do not trade on or share material, non-public information (MNPI). Preventing insider trading protects our company and complies with the law.
How We Win With Integrity
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Do not trade on MNPI about GM or other companies.
Avoid even the appearance of any improper trading.
Never share MNPI with others.
This includes “tipping” friends and family. If they trade on MNPI, you may be at fault.
Only trade on information that has been made public.
It must be released to the public through a press release, U.S. Securities and Exchange Commission filing, or communications through certain other public channels.
Limit who you share information with internally.
Only share MNPI with coworkers who need to know.
Avoid accidental sharing.
Take care to keep MNPI safe. Notify Legal Staff immediately if you have made or become aware of an inadvertent disclosure of MNPI.
Which Way?
A supplier told me about a big merger they are planning that has not yet been made public. I mentioned it to my friends at a party. The next week, one of them told me they had bought the supplier’s stock in advance of the merger. Does this count as insider trading?
Yes. Even if you didn’t tell your friend to buy the supplier’s stock, you “tipped” your friend and violated insider trading laws. You shared the MNPI, and they bought securities while in possession of this information. You need to report this to Legal Staff or the Awareline right away.