ESL Podcast 860 – Insider Trading

 　　Rita: I just got a hot tip from my brother to buy stock in McQ Corp.

 

　　Rick: Your brother works for McQ Corp., doesn’t he?

 

　　Rita: Yeah, he’s a director in the company, so he should know if something big is brewing¹.

 

　　Rick: If he’s a director and he knows something that isn’t publicly disclosed about the company, and he’s telling you to buy stock, isn’t that insider trading?

 

　　Rita: Insider trading?! I’m not a major investor². I don’t plan to buy so many shares that I’ll become a major shareholder³. All I can afford are a few shares.

 

　　Rick: Still, he’d be considered a corporate⁴ insider and may be breaching⁵ his fiduciary⁶ responsibilities. Giving you this tip could get him, and you, into a lot of trouble.

 

　　Rita: Who are you, an SEC regulator? People do this kind of thing all the time, and there’s nothing shady about it. If you’re smart, you’d buy a few shares yourself.

 

　　Rick: Uh, no thanks. I don’t think I’d look good in an orange jumpsuit.

 

　　Script by Dr. Lucy Tse

1 brewing   

n. 酿造, 一次酿造的量 动词brew的现在分词形式

参考例句：

• It was obvious that a big storm was brewing up. 很显然，一场暴风雨正在酝酿中。
• She set about brewing some herb tea. 她动手泡一些药茶。

2 investor   

n.投资者，投资人

参考例句：

• My nephew is a cautious investor.我侄子是个小心谨慎的投资者。
• The investor believes that his investment will pay off handsomely soon.这个投资者相信他的投资不久会有相当大的收益。

3 shareholder   

n.股东，股票持有人

参考例句：

• The account department have prepare a financial statement for the shareholder.财务部为股东准备了一份财务报表。
• A shareholder may transfer his shares in accordance with the law.股东持有的股份可以依法转让。

4 corporate   

adj.共同的，全体的；公司的，企业的

参考例句：

• This is our corporate responsibility.这是我们共同的责任。
• His corporate's life will be as short as a rabbit's tail.他的公司的寿命是兔子尾巴长不了。

5 breaching   

攻破( breach的过去式 )； 破坏，违反

参考例句：

• The company was prosecuted for breaching the Health and Safety Act. 这家公司被控违反《卫生安全条例》。
• Third, an agency can abuse its discretion by breaching certain principles of judge-made law. 第三，行政机关会因违反某些法官制定的法律原则而构成滥用自由裁量权。

6 fiduciary   

adj.受托的，信托的

参考例句：

• A company director owes a fiduciary duty to the company.公司董事应对公司负责受托人责任。
• He was acting in a fiduciary capacity.他以受托人身份行为。