Even if they did know something, the user has claimed to own 20 million shares of the company. Therefore, if they were told something BLOCKBUSTER, its all good so long as they aren’t trading on it. A company is also allowed to tell investors that they have news coming, just not the details of said news. Read the below information on insider trading and I hope I helped you learn something new today. I am pretty sure Big T is all good! He is certainly no idiot, meidiot.
$UPZS
BREAKING DOWN 'Insider Information'
Insider information is a non-public fact regarding the plans or condition of a publicly traded company that could provide a financial advantage when used to buy or sell shares of that or another company's securities. Knowing about a company's significant, confidential corporate developments, such as the release of a new product, could provide an unfair advantage if the information is not public, that is, if only a few people know about the developments. Insider information is typically gained by someone who is working within or close to a listed company.
Insider trading <https://www.investopedia.com/terms/i/insidertrading.asp>; is illegal when the material information has not been made public and has been traded on. This is because trading on insider information is seen as an unfair manipulation of the free market to give preference to specific parties. It undermines general investor confidence in the integrity of the market and can dampen economic growth.
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