> I had access to "live stock feed", which is considered privileged information. As someone with 22 years in equity trading technology Real-time market data i

> I had access to "live stock feed", which is considered privileged information. As someone with 22 years in equity trading technology Real-time market data is NOT privileged information. This is not "material non-public information" because every professional trader has this access. Having access to see client orders prior to them reaching a public exchange IS material non-public and this will put you in the "you need to have all your trades reviewed" category. If you want further proof, most retail client trading systems now offer "real-time" market data, at least for the US markets.