TIL insider trading is legally about IP theft rather than profit or unfairness #fb
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Replying to @drethelin
@drethelin who told you that? In fact, what does it even mean?1 reply 0 retweets 0 likes -
Replying to @anomalyuk
@anomalyuk the idea is you use information you're legally mandated to keep secret (eg under an NDA) that's what you get prosecuted for2 replies 0 retweets 0 likes -
Replying to @drethelin
@drethelin No. You can be prosecuted for using or sharing information you came by innocently & which you have no existing relationship with.2 replies 0 retweets 1 like -
Replying to @anomalyuk
@anomalyuk that's explicitly what the podcast said you could not be prosecuted for. Maybe it's a us/uk difference?1 reply 0 retweets 0 likes
Replying to @drethelin
@drethelin I worked for a number of US banks, had exam on this stuff every year. Don't get legal advice from the Internet (including me).
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