4 ms·
Well, I'm not a lawyer but sounds kind of illegal to hack companies to acquire non-public material information and profit from it. If it's legal, sounds like a
by RockyMcNuts 11y ago
Well, I'm not a lawyer but sounds kind of illegal to hack companies to acquire non-public material information and profit from it.
If it's legal, sounds like a promising startup for YC, smart hackers changing the world, they should apply to the next cycle!
- andrewchambers 11y agoOf course the hacks are illegal, he was asking whether using the data should be classified as insider trading.
- RockyMcNuts 11y ago'Of course hacks are illegal', but paying someone to hack and profit from the inside information is OK? http://www.bloomberg.com/news/articles/2015-08-11/hackers-100-million-insider-trading-shop-sold-data-on-demand http://www.bloomberg.com/news/articles/2015-08-11/hackers-10... 'Insider trading' is trading on material nonpublic information that was inappropriately acquired from an 'insider'. There are situations that are gray areas but this does not appear to be one of them.