4 ms·

It depends on context: what's the info, who does it relate to and who's trading. There is a category of info called material non public information that is ille

It depends on context: what's the info, who does it relate to and who's trading. There is a category of info called material non public information that is illegal to trade.

OscarCunningham 7y ago
It's not illegal to trade per se, only in breach of a duty of trust or confidence to the source of the information.
- Retric 7y ago
  Depends on the country and relationships involved. In the United States, employee’s making trades based on based on insider information is illegal. Similarly front running in the US is illegal: https://en.m.wikipedia.org/wiki/Front_running https://en.m.wikipedia.org/wiki/Front_running
  - OscarCunningham 7y ago
    Right. But it matters that they are employees, not just that the information is material and nonpublic.
bobcostas55 7y ago
>There is a category of info called material non public information that is illegal to trade. This is absolutely not true.
- dcl 7y ago
  Depends on the jurisdiction? In Australia, I believe it is illegal.
  - 55555 7y ago
    This article is about the Chicago Mercantile Exchange.
- edoceo 7y ago
  The SEC does not agree with you https://www.sec.gov/fast-answers/answersinsiderhtm.html https://www.sec.gov/fast-answers/answersinsiderhtm.html
  - bobcostas55 7y ago
    >in breach of a fiduciary duty or other relationship of trust and confidence You can trade all you want on material non-public information if you're not an insider (or got your info from one under certain circumstances).
    - edoceo 7y ago
      Like Martha? https://www.thoughtco.com/martha-stewarts-insider-trading-case-1146196 https://www.thoughtco.com/martha-stewarts-insider-trading-ca...