Re:Execs Make Millions via Timely Trades of Competitors’ Stock
by hurril on Saturday March 18, 2023 @04:13AM
(#35207211)
I honestly don't know but I've had it explained to me that it is the acting on said information that would be considered an offence. Either way: if someone were to do this with an ordinary Joe amount of money, nothing would happen. But say you took out a second mortgage and moved $1M - then that could probably be considered suspect. Who knows what that means.
Imagine a swedish person overhearing a conversation at a restaurant (in Sweden) between two people (insiders to a particular public company that is also located in Sweden) sitting at a different table. That conversation contained non-public material information about the company those two people work for. The swedish person who overheard the insider conversation makes a successful trade that makes them profit (using that information).
Would this count as insider trading in Sweden? Afaik (which I could be mistaken about), it wouldn't in the US.