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Article (97) Definition of an "Insider"

For the purposes of this Chapter, an Insider is any person who has obtained the information stated in Paragraph (a) of Article (98) of this law;

(1) By virtue of his employment or profession;
(2) Being an officer or shareholder of the issuer of the securities, or
(3) Through illegal means.

A person may be an insider if he is already aware that such information is classified as inside information even though none of the above applies to him.