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There is definitely material information with respect to this deal that is still not yet public and trading on it, or even appearing to trade on it, would absol
by elliekelly 6y ago
There is definitely material information with respect to this deal that is still not yet public and trading on it, or even appearing to trade on it, would absolutely risk jail time.
- toomuchtodo 6y agoI agree with you in the event you are someone with access to material non-public information. Your average IC outside of legal or finance is unlikely to have such information. My argument is that the potential transaction itself is now public. Obviously, if you have material non-public information, you should not trade on that unless you want to end up in a Matt Levine piece.