4 ms·
It's not illegal to trade per se, only in breach of a duty of trust or confidence to the source of the information.
by 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 agoDepends 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 agoRight. But it matters that they are employees, not just that the information is material and nonpublic.