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Side channel knowledge doesn’t break insider trading rules. You need to have a fiduciary duty to someone to betray to be doing insider trading. There needs to b
by barry-cotter 7y ago
Side channel knowledge doesn’t break insider trading rules. You need to have a fiduciary duty to someone to betray to be doing insider trading. There needs to be someone who has the right to that knowledge, who you’re supposed to act on behalf of, who doesn’t want you trading on it.
There are many types of “side channel” non public information that aren’t insider trading.
- tomp 7y agoDepends. This is the case in the US, but in the EU, “insider trading” is more absolute, just “trading on non-public information” (regardless of how it was obtained) and can happen even without fiduciary duty.