MISAPPROPRIATION THEORY

misappropriation theory.Securities. The doctrine that a person who wrongfully uses confidential information to buy or sell securities in violation of a duty owed to the one who is the information source is guilty of securities fraud. [Cases: Securities Regulation 60.28(2.1). C.J.S.

Securities Regulation ยงยง 179, 182.]

[Blacks Law 8th]