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Joined 1 year ago
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Cake day: March 28th, 2024

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  • It isn’t technically privileged information - that’s generally understood to mean confidential information that is legally protected so that it does not have to be given to the public. What we’re working with is information about the actions the manipulator is taking to illegally manipulate the market.

    It’s called insider trading as the trading is being informed by someone on “the inside” who knows something about (typically) legitimate business, generally for one company or an industry, the general public does not. Examples are new developments, earnings results, impending lawsuits, etc.

    Edit: it’s early, I bungled the first paragraph so it got a rewrite.