3 ms·
Wouldn't that be extremely obvious insider trading? (which is illegal, right?)
by shawabawa3 12y ago
Wouldn't that be extremely obvious insider trading? (which is illegal, right?)
- dvdcxn 12y agoNope, because the information was already publicly available, it's just that nobody else knew about it!
- dkrich 12y agoNo, it's not insider trading if the information is publicly-available, which it was at the time.
- lmm 12y agoThat would be unlikely to constitute insider trading (which is less illegal than you might think). Selerity would not have been violating a duty of trust or confidence; whoever posted the earnings early may have violated such a duty but did not reap any material gain for doing so. So they'd probably be in the clear.