3 ms·
> If it is true, it is insider trading. No, it's only insider trading if the information is based on insider (AKA private) information. Anything that can be de
by sdinsn 6y ago
> If it is true, it is insider trading.
No, it's only insider trading if the information is based on insider (AKA private) information. Anything that can be derived from public information, even with a stretch, is also considered public.
- gridlockd 6y agoI could have made myself clearer, I am talking about "damaging insider information". Publishing already published information isn't exactly news. In this case, the alleged accounting fraud mentioned in the FT article was insider information.
- oh_sigh 6y agoIt depends where the knowledge came from - did it come from an insider, or was the accounting fraud discovered by poring over public records?