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drugmanrx

01/29/22 10:33 PM

#37373 RE: Wrangler1 #37372

I believe I am correct.

What Is Insider Information?

Insider information is a fact about a public company's plans or finances that has not yet been revealed to shareholders and that could give an unfair advantage to its possessors if acted upon. Buying or selling stock based on insider information can be a criminal offense.

Insider information is usually available to executives working within or close to a public company.



https://www.investopedia.com/terms/i/insiderinformation.asp

Having the knowledge before the general public that a company has approved a reverse split than selling stock to gain an advantage is a criminal act.