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Note however that you completely misunderstand that the US definition of insider trading is not the same as that used in other countries. In particular, there i
by bentoner 8y ago
Note however that you completely misunderstand that the US definition of insider trading is not the same as that used in other countries. In particular, there is no requirement in the UK that the non-public information originate from a company insider.
- joncrocks 8y agoWhat kind of inside information would not come from inside an organisation? Are we talking about unauthorised access of information or something else?
- ben_w 8y agoI believe the intent is regarding, e.g. “Huh, this spreadsheet says we’ve made a massive loss this quarter, but the investors don’t know that yet, I should sell all my stock before they find out” and vice versa.
- nabla9 8y agoThe key issue is that insider information must be about the internal issues of the publicly traded company (even in UK) How people voted is not insider information.
- jonknee 8y agoBut in this case they literally asked the public to get the info. It wasn't a secret, anyone has the ability to ask the public.