SIE (Securities Industry Essentials) Practice Exam

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Which of the following is not considered insider information?

Unreleased earnings reports
Planned mergers or acquisitions
Declared stock dividends
Pending lawsuits against the company

The correct answer is: Declared stock dividends

Insider information refers to confidential information that is not available to the general public. Options A, B, and D all involve information that is not yet known by the public, and therefore would be considered insider information. However, stock dividends are a publicly declared distribution of a company's profits to its shareholders and are not considered confidential or privileged information.