exwannabe,
Can you please explain how Mr. Woodford having insider information, while considered an exempted insider, would cause NWBO to be in violation of FD regulations if he does not trade on that information. Also, what if NWBO suspects but needs to prove that a third party may have tipped off Mr. Woodford with non public information. Would that create a stalemate so to speak that requires an independent investigation to sort it out before a violation by anyone can be determined. Just trying to get this straightened out. Thanks.