2 ms·
IANAL but I suspect it is actually legal for Amazon to short CVS+Walgreen in this case: Don't "inside information" trading laws apply only to the specific compa
by beagle3 8y ago
IANAL but I suspect it is actually legal for Amazon to short CVS+Walgreen in this case: Don't "inside information" trading laws apply only to the specific company about which information is available?
- kolbe 8y agoEven though insider trading laws can be quite nuanced, this is 100% legal.
- CGamesPlay 8y agoDoesn't the person on the other end of the short sue Amazon for having insider information material to the value of CVS+Walgreens? Or if not "insider trading", then "market manipulation"?
- beagle3 8y agoInsider information is not well defined, but I don't believe that it covers this case (then again, IANAL). "Market manipulation" is dissemination of false information or demand with the express permission of profiting. But there was no false information or demand here.