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Not exactly the same. The journalist may have done research and interviews for his column and thus may have gained insider information. If the journalists publi
by hristov 16y ago
Not exactly the same. The journalist may have done research and interviews for his column and thus may have gained insider information. If the journalists publishes the insider information, then it is no longer insider information, and everyone may trade on it. However, if the journalist trades on the insider information before he publishes it, it is still insider information when he trades on it, and that is illegal.
It is not clear whether 50 cent had any insider info. And it did not seem that his tweet published any insider info. However, there are other ways he may get in trouble.
EDIT: this is obviously not legal advice.
- rwhitman 16y agoI see. Yes, he did trade on more advanced information. And reading up on his case again, it was far more complex than a tweet from 50 Cent...
- eneveu 16y agoWould it be ok if the journalist buys the stock 10 seconds after the publication / blog post goes live? If not, how long should he wait? What about somebody who has insider information, publishes it on his personal blog (which is read by very few people), wait a day, then buys some stock? It's an interesting topic, I'm going to research it a little more, and look into our european laws :)