Just for context that’s not quite accurate. There certainly is a distinction in the rule versus securities markets, which I know is what you mean. But it’s mor

Just for context that’s not quite accurate. There certainly is a distinction in the rule versus securities markets, which I know is what you mean. But it’s more accurate to say participants can trade on lawfully obtained material nonpublic information absent some independent duty not to use it, which is much narrower than saying insider trading is generally legal.