4 ms·
If I read a leak about a company's impending doom, then short a bunch of its stock, is this considered insider trading? Seems like it would be, and I'd be at r
by nestlequ1k 15y ago
If I read a leak about a company's impending doom, then short a bunch of its stock, is this considered insider trading?
Seems like it would be, and I'd be at risk of going to jail.
- scq 15y agoIANAL, however: Nope, insider trading is where you take advantage of non-public information. If the information was leaked, it would then be public.
- dhimes 15y agoWhat if you are active in publicizing that information. Does that make you complicit in some sort of improper profiteering? EDIT: I know you said you weren't a lawyer but I thought I'd put it out there for someone.