NoHo Inc (DRNK)

[Sandlisted]

It's called insider trading, not securities fraud.

Securities fraud is making trades based on false information often resulting in losses.

Here is what you're talking about....


Insider trading:

The illegal practice of trading on the stock exchange to one's own advantage through having access to confidential information.

As you can see it's the practice of trading based on access to confidential information. It's not the sharing of the information itself that's illegal. But the buying and selling is illegal...