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If the information were material, then trading would be illegal. We're assuming these are people who can legally trade; i.e., those without access to material
by fredkbloggs 11y ago
If the information were material, then trading would be illegal. We're assuming these are people who can legally trade; i.e., those without access to material nonpublic information.
- AdieuToLogic 11y agoAnd, as "prostoalex" stated in another reply: > ... the prosecution will assume you had some insider info to trade on. The onus is on you to prove that you didn't. If you want to tango with people that salivate at prosecuting people which profited from hedging while employed at the company which they hedged, I can only recommend against that course. It will end badly.
- prostoalex 11y agoIt's rare to work for a software company in software engineering capacity and not have access to such information. Even if you deliberately avoid it, business metrics get shared during all-hands of various levels, or displayed on giant screens. Formation of a new team that will work on a project X with a large partner Y is by itself material until it's public.