Friday, February 19, 2010 2:43:54 PM
"However, as adopted, Regulation FD is narrower - only disclosures to securities industry professionals, or to company shareholders that are likely to trade, are within the rule." and also this
"Regulation FD does not apply to disclosures to persons who are themselves bound by duties of trust or confidence not to disclose the information or to use it for trading. This includes "temporary insiders" (such as the company's investment bankers), persons who have expressly agreed to maintain confidentiality, and"
All the company has to do based on this rule is have SEO promise not totell anyone else, such as us.
Read my original post, having insider information is not illeagle, trading on it is, no matter how you obtain it. If the receptionists at a law firm overhears a client talking to a lawyer and trades on that information they have broke the law. If Martha Stewart hears from her broker who knew the president of a company who's stock was going to tank and she trades on that & lies about it, well thats why she did time isn't it.
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