The chain of inside information never ends (I think)
Reader comment on: Icahn Insider Trading
Submitted by David in Cal (United States), Jun 2, 2014 22:29
IANAL but my understanding of the law is that the chain of inside information never ends. Suppose an investor buys stock based on a rumor. If that rumor can be shown to have come from inside infomation, then the trade constitutes illegal insider trading, no matter how long the chain from insider to trader.
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|⇒ The chain of inside information never ends (I think) [54 words]||David in Cal||Jun 2, 2014 22:29|
|right again [20 words]||EriK||Jun 2, 2014 20:44|
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