OncoSec Medical Inc (ONCSQ)

[ignatiusrielly35]

Actually, now that I’ve read it more closely, these cases do not address the tipper’s liability, only the tippee’s. Dirks itself proves that for the ripper to be guilty he has to either receive a direct financial benefit or believe that the recipient intends to trade based on the information. In our case, there is no evidence that anyone has even traded based on information about the trial results, nevertheless that the investigator understood that the tippee would trade on the information. Bottom line: the mere act of disclosing information in itself is not illegal. My original premise.