3 ms·

Then what about groups that do short reporting, they do an investigation into a company, take a short position, then release that information to the public? It

by rblatz 4y ago

Then what about groups that do short reporting, they do an investigation into a company, take a short position, then release that information to the public? It sounds like that would fall under your definition.

seanhunter 4y ago
The research they did would be obtainable from public sources rather than being classified as material non-public. That said, if you worked for (say) Pershing Square and knew Bill Ackman was about to announce a short in some stock and you traded it is your personal account that would absolutely be illegal.