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The credit card data derived real time sales estimates were criminally insider information when individual people at firms were doing it (see Capital One case).
by probdist 11y ago
The credit card data derived real time sales estimates were criminally insider information when individual people at firms were doing it (see Capital One case). It is okay for entire firms to be based around this same type of data stream?
Especially as an invitation only "not public" offering.
- nl 11y agoCapital One had a financial insider relationship with the company they were trading, and were sourcing the information using that relationship. The article notes that this was "misappropriation" insider trading, not the normal case. Even then, it wasn't a clear-cut case. If you are sourcing the data from other sources and don't have that kind of relationship it really isn't going to be a problem