Raadr Inc (RDAR)

[BigBadWolf]

Since one's (comparison & condescending) smart ass reply. So, w/ that said I for once will break one of my own rules reaffirmation should also have been released publicly by the company.

After consulting w/ in general, it is illegal for a publicly traded company, including those on the OTC (over-the-counter) markets, to provide material non-public information (MNPI) to a select group of individuals, including a "Shareholder Ambassador" group, without making it available to the public. This would typically violate insider trading rules.

Key considerations:
Material Non-Public Information (MNPI):
This refers to any information that could impact an investor’s decision to buy or sell securities and is not yet made available to the broader public. Examples include financial results, mergers and acquisitions, or other corporate developments.
The SEC (Securities and Exchange Commission) has strict rules about the handling and dissemination of MNPI.
Insider Trading Laws:
The insider trading laws prohibit anyone with access to MNPI from trading on that information or sharing it with others who might trade on it.
If a publicly traded company shares information that has not been made publicly available to a select group of people, this could be considered tipping or providing an unfair advantage, and it would be subject to penalties.
Regulation FD (Fair Disclosure):
Regulation FD (Regulation Fair Disclosure) was created to ensure that companies do not selectively disclose material information to certain individuals or groups before making it publicly available.
Under Regulation FD, if a company discloses material information to certain people (like analysts, institutional investors, or, in this case, a Shareholder Ambassador group), that information must also be made public simultaneously or soon after.
Consequences for Violations:
Violating these laws can result in severe penalties for the company and individuals involved, including fines, civil penalties, and criminal charges.
So, if the "Shareholder Ambassador" group is being given non-public, material information, it could violate SEC rules and other insider trading laws. Publicly traded companies must ensure equal access to important information to avoid legal and regulatory risks.

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