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Exactly. It's not "trading by any person". Insider trading is can only be done by someone with a fiduciary responsibility. If a non-involved person somehow acq
by chrishynes 13y ago
Exactly. It's not "trading by any person". Insider trading is can only be done by someone with a fiduciary responsibility.
If a non-involved person somehow acquires "inside" information (without getting it from one with a fiduciary responsibility) it's not insider trading even if the information is non-public.