3 ms·
> the law prohibits trading on material nonpublic information. Isn’t it public information the moment it’s said audibly in a public space?
by kergonath 3y ago
> the law prohibits trading on material nonpublic information.
Isn’t it public information the moment it’s said audibly in a public space?
- frognumber 3y agoNo. It's not. However, as pointed out elsewhere, you can trade on many types of non-public information. Indeed, hedge funds engage in all sorts of surveillance in order to get non-public material information to trade on which gives them a proprietary edge. You just can't trade on insider information. That's a very complex legal line.