4 ms·

Is this not insider trading? He made decisions based on info not available to general public.

• a3n 7y ago
  Link to SEC insider trading complaint site https://www.sec.gov/tcr https://www.sec.gov/tcr
• smabie 7y ago
  That's not the definition of insider trading.
  • mulmen 7y ago
    Ok, I’ll bite. If that is not the definition of insider trading what is?
    • microtherion 7y ago
      One additional element is that said information is obtained through privileged access (i.e. you acquire it in an official capacity and are expected to keep it confidential; if you overhear a random conversation, the information may not be available to the general public, but you can still trade on it). Pretty sure Burr's access to the information would qualify under this definition.