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kayakzz

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kayakzz

Re: Horsefly777 post# 11624

Thursday, 08/11/2011 4:27:15 PM

Thursday, August 11, 2011 4:27:15 PM

Post# of 74539
From the 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.

Examples of insider trading cases that have been brought by the SEC are cases against:

Other persons who misappropriated, and took advantage of, confidential information from their employers.

If Horsefly777’s statement "GlER will post the six finalized contracts tomorrow" (I do not believe it is) is true and you trade based on that information, guess what…..

http://www.sec.gov/answers/insider.htm
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