...information is confidential...acting upon it does not violate confidentiality unless disclosed to third party. Acting upon confidential information...likely going to be considered inside info, before disclosure.
GreenBio what is your definition of a corporate insider? Got my ass in a jam with the SEC about 40 years ago, on a takeover by my employer of another company. I was not an insider,just a junior administrator at the time, Not part of upper management.TIA