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>that insider dealing is defined and covered by securities laws and regulations Correct. Now, if these employees had purchased mortgage backed securities, then
by kolbe 8y ago
>that insider dealing is defined and covered by securities laws and regulations
Correct. Now, if these employees had purchased mortgage backed securities, then it would be a different story.
- mr_toad 8y agoDon’t they also have to be an insider? If an officer of company A buys securities from company B based on inside knowledge of company A, does that even count as insider trading?
- icebraining 8y agoYes, since SEC v Materia (https://openjurist.org/745/f2d/197/securities-and-exchange-commission-v-materia https://openjurist.org/745/f2d/197/securities-and-exchange-c...).