3 ms·
They traded based on material, non-public information, so I would have to say yes, this is definitely insider trading, but I'm not a lawyer...
by ConnorBoyd 9y ago
They traded based on material, non-public information, so I would have to say yes, this is definitely insider trading, but I'm not a lawyer...
- peterwwillis 9y agoFood for thought: you are basing your admittedly uneducated opinion of a legal matter on a single criteria. If you end up being right, it will have been almost pure luck, but it may reinforce certain incorrect assumptions, like your theory that this single criteria was the deciding factor, or that this kind of armchair analysis is productive. Point being: even if you are right, it's probably a bad idea to even take the position to begin with.
- Bootvis 9y agoActing on material, non-public information is considered insider trading by most definitions, no need to get lawyers involved. However, whether these managers broke the law and if and how they should be punished is a legal question most people here should probably shut up about.