4 ms·
> The bar for having insider information is not that it was handed to you or spoken/emailed and noted as insider info, but rather that you merely have it withou
by freddie_mercury 9y ago
> The bar for having insider information is not that it was handed to you or spoken/emailed and noted as insider info, but rather that you merely have it without regard to how much intelligence or effort you applied.
That's not the bar; you just made that up.
https://www.sec.gov/litigation/litreleases/2010/lr21678.htm https://www.sec.gov/litigation/litreleases/2010/lr21678.htm
- adanto6840 9y agoTo be fair, your linked summary neither confirms nor denies that it's the proverbial bar -- though I'd love to see a citation on what the actual 'test' is. Without knowing all of the pertinent facts of the linked case, it's hard to say how applicable it might or might not be. The summary does certainly exhibit similarities though civil settlement was at least partially reached, in addition to an acquittal, it seems.
- sokoloff 9y agoExactly. OJ Simpson was found not guilty criminally and still ordered to pay a large civil settlement. I don't think that creates a notion that murder is OK.