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Why doesn't that count as market manipulation / insider knowledge? Genuinely asking, I thought the U.S. prosecuted any position based on non-public knowledge (s
by RestartKernel 2y ago
Why doesn't that count as market manipulation / insider knowledge? Genuinely asking, I thought the U.S. prosecuted any position based on non-public knowledge (such as the upcoming release of a competing product).
- DontchaKnowit 2y agoBasically the provinenance of non-public info has to be from a company insider. If the information is generated outside the company then it is not considered non public. So if you find a patent thats invalide, you take steps to get the patent recalled, and you short the stock, at no point have you acted on information which originated from inside the company. Youve made decisioms based only on publically available information.