I do appreciate your patience with me and working me through this. I was pretty sure it was about insiders only. But I'll give it more work if this really is y

I do appreciate your patience with me and working me through this. I was pretty sure it was about insiders only. But I'll give it more work if this really is your "expert opinion" so to speak (or at least, more expert than mine). I'm just a programmer who has on occasion, received training on this subject due to working for a public company. Most of these regulations I'm aware of, imply that the "insiders" have an out as long as they properly file this information in the various schedules / public disclosure forms. There are no such forms for Congressmen since they're not executives (or other kinds of insiders). Etc. etc. ---------- I'll say that the turning point in my research / opinion is a link I have for investment bankers who come across Material Non-public Information. Investment Bankers aren't insiders, but seem to be subject to these rules anyway. So I see that my previous understanding was too narrow a definition.