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No. Once it’s public it’s public. It’s actually incredibly difficult to get charged and convicted of insider trading. It has to be really blatant.
by rco8786 6y ago
No. Once it’s public it’s public. It’s actually incredibly difficult to get charged and convicted of insider trading. It has to be really blatant.
- site-packages1 6y agoIt _really_ depends on who the person is and what their duty to the company is. Your statement is correct for those unaffiliated, but I’ve seen a fair share of prosecutions for insider trading for those with a duty to the company.
- refurb 6y agoMatt Levine writes about this all the time. The current law is kind of murky. If I remember correctly, 2 things need to be proven: 1) someone shared non-public information they shouldn’t have, 2) there was some consideration (money, etc) given for such information. So there are cases where #2 becomes the issue because no money changed hands. Then the argument can get weird where the argument is “he offered the insider information in exchange for friendship”.