Yes. Acting upon material, non-public information, is the very definition of insider trading. It does not matter where the information originates. It's only pr

Yes. Acting upon material, non-public information, is the very definition of insider trading. It does not matter where the information originates. It's only profitable if you dont get caught. SEC will make a very expensive and public example if they catch you. Source: +15 years in the industry, a number of which have been spent working in/with compliance.