News for hackers. Stuff that matters.

A comment on DOJ: Hackers broke into an SEC database and made millions from inside info. Parent comment

Re:DOJ: Hackers broke into an SEC database and made millions... by zorga on Wednesday January 16, 2019 @07:06PM (#18926992)
Absolutely not.

> It doesn't matter how you got that information.

Yes it does, if I didn't do anything illegal to acquire it, and I have no obligation to the company, I can use it legally, I'm not an insider.

[ Parent | on HN ]
Re:DOJ: Hackers broke into an SEC database and made millions... by wahern on Thursday January 17, 2019 @08:17AM (#18930523)
Not quite. If you knowingly acquired the information from an insider and the insider himself would be liable for your trade (e.g. you're a friend or family member), then you could have derivative liability.
[ Parent | on HN ]