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We Do What's Right

Avoiding Insider Trading

In our line of work, information is critical. While CDM Smith is proudly an employee-owned business, in the course of your day-to-day work, you may be entrusted with material, non-public information about our clients, business partners or other third parties. CDM Smith employees must not act on such inside information or make any financial decisions based on this information - a practice known as insider trading.

Roadmap for Success

  • Understand what constitutes material, non-public information (also called "inside information"). It can include things like sales or earnings, potential mergers or acquisitions, leadership changes, new product announcements or pending legal actions.
  • Never trade in securities based on inside information, and don't "tip" this information to others who may in turn trade in it. Either action is a violation of insider trading laws.
  • If you're unsure whether something is considered inside information, consult the Legal Department before making any trades.
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