4 ms·

Great, but we are talking about a market where "inside" information is already legal.

• refurb 7y ago
  Well, if you do a look back after a company makes a major public revelation, it’s common to see a lot of trades ahead of it, suggesting that there is a lot of insider trading anyways.
  • smabie 7y ago
    Sure, but that doesn’t mean it’s illegal. Finding some documents in a dumpster or overhearing a deal team drunk at a bar and then trading on it is perfectly fine. Generally there has to be some quid pro quo or deliberate knowledge on behalf of the insider that he’s giving you information for trading. Word goes around fast on trading desks and the vast majority are trading on legal or grey area information. The government makes the laws intentionally vague so it’s really hard to tell.