Overview

You may be considered an insider if you have access to "private," non-public information about a public company. Insider status comes with specific rules to ensure everyone trades fairly.

How to determine if you're an insider

You are an insider if:

• You have private information: You know important company details before the public does.
• The company is public: Its shares can be bought or sold on a stock exchange.

If your company is going public or being acquired, your insider status usually starts 6 months before the deal closes.

How to declare your insider status

Step 1: Report your status to us

If you believe you're an insider, please declare it on account applications and/or contact our support team with the following information:

• The company name and stock ticker.
• The date when you became an insider.

Step 2: Understand the impact

If you are an insider, there will be certain precautions will be taken with your account, including:

• Extra questions: We’ll ask about your source of wealth (how you earned your money) and source of funds (where your deposits are coming from).
• Enhanced monitoring: Being subject to a higher level of ongoing screening. 

Step 3: Know your responsibilities

What you're responsible for	What Wealthsimple does
Check with your employer about black-out periods and trading restrictions. Ensure you don't trade when your company regulations prohibit it.	We code your account to mark relevant trades as insider activity on the marketplace.
You may be responsible for filing insider reports with regulator (like SEDI in Canada).	We code your account to mark relevant trades as insider activity on the marketplace.
If you have an account that buys individual stocks automatically, please ensure you opt-out of your specific company. We won't block your trades automatically.	-