Watch Insiders

No. Watch Insiders is a software-as-a-service platform that provides alerts and screening tools based on SEC Form 4 insider-trading filings. It does not hold an investment-advisor registration, does not manage discretionary accounts, and does not execute trades for subscribers. It is a data-analysis tool for self-directed traders.

The platform explicitly cites research by Nejat Seyhun, a professor at the University of Michigan, who found that legal insider purchases tended to beat the market by 8.9% over the subsequent twelve months, while insider sales underperformed by 5.4%. Watch Insiders packages this anomaly into alerting criteria and screening tools for its subscribers.

According to its published product description, the platform ingests the full daily flow of SEC Form 4 filings and then applies data-analysis algorithms designed to detect clusters of trades, particularly those by C-level executives occurring within a short time window. Subscribers can refine the output by watching specific stocks, entire sectors, price ranges, or by using advanced selection criteria depending on their subscription tier.

The firm lists three tiers on its website. The Basic tier is free and includes portfolio monitoring, company and insider watchlists, and limited screening. The Premium tier costs $14 per month and adds extended screening and pattern detection. A Pro tier at $19 per month, described as 'For Professional Traders,' promises advanced patterns and data mashups. Both Premium and Pro tiers were marked 'Coming Soon' on the site.

No evidence of SEC registration as an investment adviser, broker-dealer, or transfer agent is apparent from its publicly available website, which presents the firm solely as a data subscription service. The platform's domain is watchinsiders.com, and it discloses no regulatory filings, legal structure, or principal names on its own pages.