Veritec Inc
OTC:VRTC
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We don't have any information about VRTC's insider trading.
Veritec Inc
Glance View
Veritec, Inc. engages in the development, marketing, sale, and licensing of products. The company is headquartered in Saint Paul, Minnesota. The firm renders professional services related to mobile banking technology. Its mobile banking technology is used to offer Prepaid Card Programs to sponsor banks and approved applicants/cardholders. The Company’s products and solutions include MTC Debit Card, blinx ON-OFF Debit Card, Custom Branded Debit Card Programs and blinxPay. The Veritec Prepaid Card Program provides services to the sponsor bank. These services include program management, promotion and marketing, application processing, fraud monitoring, accounts reconciliation and dispute resolution. the firm also enables card issuers and sponsors to issue debit, pre-paid and gift cards under their own branded programs through licensed use of the mobile banking platform and the Company's provision of related professional services.
What is Insider Trading?
Insider trading refers to the buying or selling of a company’s stock by individuals with access to non-public, material information about the company.
While legal insider trading occurs when insiders follow disclosure rules, illegal insider trading involves trading based on confidential information and is prohibited by law.
Why is Insider Trading Important?
It isn't a coincidence that corporate executives seem to always buy at the right times. After all, they have access to every bit of company information you could ever want.
However, the fact that company executives have unique insights doesn't mean that individual investors are always left in the dark. Insider trading data is out there for all who want to use it.
Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.
