Definition
Material Nonpublic Information (MNPI) Definition
Material Nonpublic Information (MNPI) is information that has not been made available to the public in any form, and is not available through proper channels of inquiry. This includes information that is not available through public sources, such as financial statements, public records, or public announcements, or that is not generally known or considered material. Examples of MNPI include: financial data not yet made public; product or service plans not yet announced; information about mergers and acquisitions not yet disclosed to the public; and insider trading information. MNPI is considered highly confidential and is subject to regulation under securities laws, which dictate when and how it may be used.
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