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Yes, since you are using insider information. And before spitballing further, consider the 'good faith' rule. Are you acting on the insider information in good
by jabroni_salad 3y ago
Yes, since you are using insider information.
And before spitballing further, consider the 'good faith' rule. Are you acting on the insider information in good faith? If not, do not do that thing.
- cmcaleer 3y agoLet's make it a bit more interesting and say the Twitter account is a paid subscription for $1MM/mo. I was following his Twitter account and knew that he seemed to have a good instinct for when things were going down, but it can't be proven that I knew that the account was disclosing non-public government information. Should I be expected to know that was information improperly obtained, particularly because of the massive premium cost of the subscription implies that it's possible that something improper is going on?
- bluGill 3y agoMaybe. If a "reasonable person" would figure it was insider information then you are in trouble.