This title is referring to insider trading and since snap is a publicly traded company inside the United States, those laws apply to them and are enforced for

This title is referring to insider trading and since snap is a publicly traded company inside the United States, those laws apply to them and are enforced for SEC. The statement was simply trying to inform that their are consequences for their actions. If you want to see something interesting how about how they crack down, check out how the SEC investigated/cracked down Seeking Alpha. (https://www.barrons.com/articles/touts-used-seekingalpha-other-sites-to-pump-and-dump-stocks-sec-1491933629 https://www.barrons.com/articles/touts-used-seekingalpha-oth...) This is what snap said to employees. >If you leak Snap Inc. information, you will lose your job and we will pursue any and all legal remedies against you. And that’s just the start. You can face personal financial liability even if you yourself did not benefit from the leaked information. The government, our investors, and other third parties can also seek their own remedies against you for what you disclosed. The government can even put you in jail.