Comment Comment by dehrmann > Insider trading is one of those crimes where it is a bit ambiguous as to what the crime is (at least to me)Before someone is quick to say "how can you not know?!," there are some pretty ambiguous cases around trading on material, non-public information.- Counting cars in parking lots as a proxy for sales.- Your employer sees a drop in sales and is able to directly attribute it to a competitor. Can you buy shares in the competitor?- You're at a bar in NYC and a drunk i-banker is trying to impress a girl and runs his mouth and talks about a pending acquisition. parent dehrmann 6 years ago
Before someone is quick to say "how can you not know?!," there are some pretty ambiguous cases around trading on material, non-public information.
- Counting cars in parking lots as a proxy for sales.
- Your employer sees a drop in sales and is able to directly attribute it to a competitor. Can you buy shares in the competitor?
- You're at a bar in NYC and a drunk i-banker is trying to impress a girl and runs his mouth and talks about a pending acquisition.