2 ms·
> I would be surprised if purchasing a mine for some particular mineral immediately after learning that your tech company will suddenly need an enormous amount
by mason55 8y ago
> I would be surprised if purchasing a mine for some particular mineral immediately after learning that your tech company will suddenly need an enormous amount of that mineral in a closed door meeting, didn't constitute some sort of insider trading.
Then prepare to be surprised
> Similarly, if advanced real estate purposes were made with the intent of resale I'd imagine you'd also get hit with insider trading
You'd imagine wrong
> I think it'd be pretty reasonable to prosecute them anyways since they are using insider knowledge of market movements to gain an edge in the real estate market.
That's not what insider trading is in the eyes of the law.
Insider trading applies strictly to securities. Commodities markets have laws against front-running. But that's about it.
If you take information that your company is going to suddenly need a new metal and you go buy all the mines then about all your company can do is fire you.
- jonny_eh 8y agoThey may be able to sue you depending on your employment contract.