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Is it legal to not share 100% of the information with all investors at the same time? Or is this just a requirement of public companies? I respect the OP, so
by mathattack 12y ago
Is it legal to not share 100% of the information with all investors at the same time? Or is this just a requirement of public companies?
I respect the OP, so I assume it has to be legal for private companies, but it would be good to get confirmation.
- nroets 12y agoI am not a lawyer. The directors can share "inside" information with specific investors and other parties. Those parties then become "insiders" themselves and may not buy or sell shares.
- mathattack 12y agoAhhh - thanks! So it's a matter of not being able to trade on it. This makes sense.