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That's not insider information. Trading on real data is insider trading. Manipulating the prospectus is fraud. There's a big difference.
by nickpinkston 16y ago
That's not insider information. Trading on real data is insider trading. Manipulating the prospectus is fraud. There's a big difference.
- Retric 16y agoThere is nothing illegal about making a company look worse off than it actually is. Couple that with insider information and you can short a stock then release overly pessimistic information. Worse yet, you can decide to delay a product's release for the same effect etc. Think: Pfizer is considering pulling Viagra from the market in response to a possible side effect. then next week After, a full review we find no evidence that any such effect exists.