3 ms·

How close is this to insider trading? I'm not an expert by any means.

• ironSkillet 3y ago
  Not close because it does not involve a public company. Still seems shady.
  • yieldcrv 3y ago
    privately held securities as well as non-equity securities can be involved in insider trading, specifically it is a fraud doctrine instead of a "publicly traded equity" doctrine, so it is quite flexible for different reasons Carta's solicitation doesn't necessarily trigger that, by mere nature of contacting people
    • zerothOffset 3y ago
      +1 affiliates (insider) have to certify below a certain threshold its a private buyer and a private seller so no biggie
  • medler 3y ago
    Insider trading laws apply to private companies as well. (No idea about the legal questions on this particular case though)