As ever, Matt Levine comes in handy here: "The law doesn’t say that any time you trade on material nonpublic information it’s illegal. The law, to oversimplify

As ever, Matt Levine comes in handy here: "The law doesn’t say that any time you trade on material nonpublic information it’s illegal. The law, to oversimplify a complicated area, makes it illegal to trade on material nonpublic information that you obtained in violation of a duty to someone" [0] Unless Ms. Wong was cracking into companies and stealing pre-release versions of their apps, or had received them on promise of confidentiality, it's hard to see how this would reasonably class as insider trading. As to the market manipulation angle, even if she were trading on the information she uncovered, would this be materially different to short sellers publishing their research on a company to push the stock down? IANAL [0] - https://www.bloomberg.com/opinion/articles/2019-03-13/you-have-to-pay-the-right-person https://www.bloomberg.com/opinion/articles/2019-03-13/you-ha...