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A comment on Three Equifax Managers Sold Stock Before Cyber Hack Was Revealed. Parent comment

Re:Three Equifax Managers Sold Stock Before Cyber Hack Was R... by thephyber on Thursday September 07, 2017 @08:10PM (#15196926)
Interesting fact: commodities were not subject to such a law in the USA until Frank-Dodd Act. The rule was named for Eddy Murphy, who played a commodities trader in Trading Places[1].

The reasoning, as I heard it, was that all farmers who hedged their own crops with commodities trading, had some amount of insider knowledge just by looking at their own farm/crop/weather. Stealing a data report before it is publicly announced, however, seems like it would violate some laws. Paying to access reports early seems to be a lucrative offering of some of the data providers.

[1] https://en.wikipedia.org/wiki/Trading_Places#Legacy

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Re:Three Equifax Managers Sold Stock Before Cyber Hack Was R... by toomuchtodo on Thursday September 07, 2017 @10:23PM (#15197454)
If you haven't seen Trading Places, please please please make the time to watch it. Its both educating and entertaining!
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