If I use a drone to look over a fence to count the amount of inputs and outputs of a factory, and only I know this, it is perfectly legal for me to trade on it. Not insider trading! I'm just a really good information-finder and I'm morally just in how clever I am at finding an edge.
If I work at the company and count the inputs and outputs, and trade on it, I am a morally bankrupt scumbag and I have hurt society and all of the traders in the market.
If I work at the company and count the inputs and outputs, and trade on it, I am a morally bankrupt scumbag and I have hurt society and all of the traders in the market.
Hmmmmmmm