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I wonder if stuff like this is ever a form of parallel construction for insider trading. It sounds cool - so maybe it passes the sniff test and avoids further s
by grouseway 7y ago
I wonder if stuff like this is ever a form of parallel construction for insider trading. It sounds cool - so maybe it passes the sniff test and avoids further scrutiny?
- yellowstuff 7y agoSomeone asked that on HN before. The bottom line is that parallel construction for insider trading isn't a thing. If the SEC can show you had NMPI and traded, you're in trouble, even if it didn't inform your trading. If they can't show it, it doesn't matter if your explanation was that you had a lucky feeling. Also, there are armies of vendors selling all kinds of data to hedge funds, the satellite data providers are just good at getting splashy articles written.
- tanderson92 7y agoParallel construction is only a thing that the government can get away with in prosecuting people, because the government has power and individuals do not.