Robert L
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Definition of insider trading from SEC website:
"Illegal insider trading refers generally to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security. Insider trading violations may also include "tipping" such information, securities trading by the person "tipped," and securities trading by those who misappropriate such information."
It sounds to me as if you are referring to a shrewd investment, not insider trading.
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go_deliman
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In the corporate world. which I left 3 yrs. ago, I believe that the decision on policy regarding this, it is still up to the investor to decide whether or not he wants to invest or not.As long as the stocks are available to anyone..selling an ice cream cone to someone,even if his wife knows about the development of a new'hamburger".. , is not in its self, illegal would be selling the stock,to a 'selected' few, and the stock was not available to all peeps,there may be some upset people to work with, but illegal.. I think not.
Church yhr companies policy on this, so you want start frickin; every year at taxtime,or going to a secret 'vault' where 2222222222222222222222222222222222222222... asleep!! GOOD FORTUNE TO YOU AND YOUE HUBBY,
deliman |
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Scott
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Insider trading means trading on "inside" information that has not been officially released to the public, no matter who you are. Being related to someone who possibly has inside information may subject you to extra scrutiny but does not preclude you from investing. As long as the information that is prompting you to trade is available to anyone, it isn't insider trading. |
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rick_in_rm
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Minus all the mumbo jumbo, yes you can. If you are not on a stock committe board or executive of some sort, you can tell anyone you want about a product and it is the individual who can decide yes or no. Example also is an employee stock purchase program wich is offered by many employers to thier employee's some give discounts and others don't. So yes it is fine as long as your not on any committee's or executive of sort. |
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Ted
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What are you talking about? The stock market is for stock in entire companies, not individual products. |
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Finance_MBA
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Is he buying the stock based on information that his wife, an employee of the company, has access to but is not available to the general public?
I work with many public companies every day. I buy or sell-short shares of companies that I do business with but, if and only if I can find that very same information in the public domain.
When in doubt, I recommend calling your broker to have another opinion. |
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Artis Ninja
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you don't usually really buy stock in a product... |
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