Replies to post #14472 on Value Microcaps Motherboard

[prisser]

You are wrong. Trading on information that is not available to the general public is insider trading.

[researcher59]

gilead23: Insider Trading

The laws are vague and subject to interpretation. But the fact is, as lentinman indicated, that 99.99% of insider trading is not prosecuted or even discovered, imho. The SEC goes after 'big fish', not small guys who get some special insight that 'might' possibly be construed as insider information. It would be like ticketing drivers going 56 in 55 mph zone. They're looking for drivers going 70+, and even most of those will get away with it 99% of the time.

Lots of small investors call CEO's and CFO's and get a bit of 'insider' scoop .... 'comfortable with estimates' would be a frequent comment from a CEO, but not considered illegal information, even though the general public won't see it in a PR. After all, anyone can call the company and ask questions ...

As for 'hot tips' on the internet ? There are millions of those, and most are pump and dump lies anyway. I doubt the SEC ever prosecuted anybody for acting on a message board tip.