In theory yes, the insider has to receive some sort of personal benefit for it to be illegal. In practice, however, the bar for "benefit" is very low. It's a bi

In theory yes, the insider has to receive some sort of personal benefit for it to be illegal. In practice, however, the bar for "benefit" is very low. It's a bit of a legal grey area. https://www.bloomberg.com/view/articles/2016-01-19/justices-will-know-insider-trading-when-they-see-it https://www.bloomberg.com/view/articles/2016-01-19/justices-...