Re:SEC Enforcement of Insider Trading Dropped to Lowest Poin...
by Galanwe on Saturday August 15, 2020 @05:26AM
(#24167406)
_IANAL, but have been working in HF for the past 10 years, with quarterly compliance/regulatory trainings, where I asked numerous questions to lawyers about the subject._
That would not count as insider trading.
For insider trading regulation to kick in, you need to prove the information given carried substantial certainty about the outcome of the trade.
A wink is definitely not substantial certainty. In your situation, the CEO would have to clearly communicate information that led to a positive trade.
That would not count as insider trading.
For insider trading regulation to kick in, you need to prove the information given carried substantial certainty about the outcome of the trade.
A wink is definitely not substantial certainty. In your situation, the CEO would have to clearly communicate information that led to a positive trade.