he's pointing out the technical definitions of the terms; you're insisting on the imprecise/wrong popular usage. "insider trading", when insiders trade, say th

he's pointing out the technical definitions of the terms; you're insisting on the imprecise/wrong popular usage. "insider trading", when insiders trade, say the CEO sells his stock bonus, is regulated (has to announce in advance, follow a plan) but completely legal. Some investors track how much insiders are trading in order to judge confidence in a stock. "trading on inside information" (whether you are an insider or not) is not legal.